Learn to Evaluate Chubb (CB) using the Charts

Source: Stock Traders Daily

Longer Term Trading Plans for CB
  • Buy CB over target n/a stop loss @ 0. Details
  • The technical summary data tells us to buy CB near , but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 0 to protect against excessive loss in case the stock begins to move against the trade. is the first level of support below 185.32, and by rule, any test of support is a buy signal. In this case, if support is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for CB
  • Buy CB over 189.33, target 197.14, Stop Loss @ 188.78 Details
  • If 189.33 begins to break higher, the technical summary data tells us to buy CB just over 189.33, with an upside target of 197.14. The data also tells us to set a stop loss @ 188.78 in case the stock turns against the trade. 189.33 is the first level of resistance above 185.32, and by rule, any break above resistance is a buy signal. In this case, 189.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CB near 189.33, target 185.23, Stop Loss @ 189.88. Details
  • The technical summary data is suggesting a short of CB if it tests 189.33 with a downside target of 185.23. We should have a stop loss in place at 189.88 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 189.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CB
  • Buy CB over 187.22, target 189.33, Stop Loss @ 186.78 Details
  • If 187.22 begins to break higher, the technical summary data tells us to buy CB just over 187.22, with an upside target of 189.33. The data also tells us to set a stop loss @ 186.78 in case the stock turns against the trade. 187.22 is the first level of resistance above 185.32, and by rule, any break above resistance is a buy signal. In this case, 187.22, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CB near 187.22, target 185.23, Stop Loss @ 187.66. Details
  • The technical summary data is suggesting a short of CB if it tests 187.22 with a downside target of 185.23. We should have a stop loss in place at 187.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 187.22, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CB Ratings for August 06:

Term →Near Mid Long
Rating Neutral Weak Strong
P1 0 0 197.14
P2 184.13 185.23 210.09
P3 187.22 189.33 222.79

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CB Swing Trading Analysis for August 6 2022


CB Day Trading Analysis for August 6 2022

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