When (SSIC) Moves Investors should Listen
March 25, 2024, 22:48 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SSIC
- Buy SSIC slightly over 9.11 target 9.88 stop loss @ 9.08 Details
The technical summary data tells us to buy SSIC near 9.11 with an upside target of 9.88. This data also tells us to set a stop loss @ 9.08 to protect against excessive loss in case the stock begins to move against the trade. 9.11 is the first level of support below 9.8 , and by rule, any test of support is a buy signal. In this case, support 9.11 is being tested, a buy signal would exist.
- Short SSIC slightly under 9.88, target 9.11, stop loss @ 9.91 Details
The technical summary data is suggesting a short of SSIC as it gets near 9.88 with a downside target of 9.11. We should have a stop loss in place at 9.91though. 9.88 is the first level of resistance above 9.8, and by rule, any test of resistance is a short signal. In this case, if resistance 9.88 is being tested, a short signal would exist.
Swing Trading Plans for SSIC
- Buy SSIC slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy SSIC just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 9.8, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 SSIC slightly near n/a, target 9.11, Stop Loss @ 0. Details
The technical summary data is suggesting a short of SSIC if it tests n/a with a downside target of 9.11. We should have a stop loss in place at 0 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, n/a, 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 SSIC
- Buy SSIC slightly over 9.88, target n/a, Stop Loss @ 9.86 Details
If 9.88 begins to break higher, the technical summary data tells us to buy SSIC just slightly over 9.88, with an upside target of n/a. The data also tells us to set a stop loss @ 9.86 in case the stock turns against the trade. 9.88 is the first level of resistance above 9.8, and by rule, any break above resistance is a buy signal. In this case, 9.88, 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 SSIC slightly near 9.88, target 9.11, Stop Loss @ 9.9. Details
The technical summary data is suggesting a short of SSIC if it tests 9.88 with a downside target of 9.11. We should have a stop loss in place at 9.9 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, 9.88, 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 Silver Spike Investment Corp. (SSIC) available here: SSIC.
SSIC Ratings for March 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
8.34 |
| P2 |
9.86 |
9.84 |
9.11 |
| P3 |
0 |
|
9.88 |
AI Generated Signals for SSIC
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 Silver Spike Investment Corp. (NASDAQ: SSIC) report below is a real world example. Included are trading plans for SSIC, 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 SSIC:
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