When (ARCH) Moves Investors should Listen
February 29, 2024, 01:10 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ARCH
- Buy ARCH slightly over 153.62 target 171.97 stop loss @ 153.18 Details
The technical summary data tells us to buy ARCH near 153.62 with an upside target of 171.97. This data also tells us to set a stop loss @ 153.18 to protect against excessive loss in case the stock begins to move against the trade. 153.62 is the first level of support below 162.03 , and by rule, any test of support is a buy signal. In this case, support 153.62 would be being tested, so a buy signal would exist.
- Short ARCH slightly under 171.97, target 153.62, stop loss @ 172.47 Details
The technical summary data is suggesting a short of ARCH as it gets near 171.97 with a downside target of 153.62. We should have a stop loss in place at 172.47though. 171.97 is the first level of resistance above 162.03, and by rule, any test of resistance is a short signal. In this case, if resistance 171.97 is being tested, so a short signal would exist.
Swing Trading Plans for ARCH
- Buy ARCH slightly over 170.7, target 171.97, Stop Loss @ 170.21 Details
If 170.7 begins to break higher, the technical summary data tells us to buy ARCH just slightly over 170.7, with an upside target of 171.97. The data also tells us to set a stop loss @ 170.21 in case the stock turns against the trade. 170.7 is the first level of resistance above 162.03, and by rule, any break above resistance is a buy signal. In this case, 170.7, 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 ARCH slightly near 170.7, target 159.99, Stop Loss @ 171.19. Details
The technical summary data is suggesting a short of ARCH if it tests 170.7 with a downside target of 159.99. We should have a stop loss in place at 171.19 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, 170.7, 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 ARCH
- Buy ARCH slightly over 164.68, target 170.11, Stop Loss @ 164.3 Details
If 164.68 begins to break higher, the technical summary data tells us to buy ARCH just slightly over 164.68, with an upside target of 170.11. The data also tells us to set a stop loss @ 164.3 in case the stock turns against the trade. 164.68 is the first level of resistance above 162.03, and by rule, any break above resistance is a buy signal. In this case, 164.68, 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 ARCH slightly near 164.68, target 159.99, Stop Loss @ 165.06. Details
The technical summary data is suggesting a short of ARCH if it tests 164.68 with a downside target of 159.99. We should have a stop loss in place at 165.06 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, 164.68, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Arch Resources Inc. Class A (ARCH) available here: ARCH.
ARCH Ratings for February 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
153.62 |
| P2 |
164.68 |
159.99 |
171.97 |
| P3 |
170.11 |
170.7 |
191.98 |
AI Generated Signals for ARCH
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Arch Resources Inc. Class A (NASDAQ: ARCH) report below is a real world example. Included are trading plans for ARCH, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ARCH:
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