When (CANE) Moves Investors should Listen
November 29, 2024, 18:36 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CANE
- Buy CANE near 12.02 target 13.06 stop loss @ 11.99 Details
The technical summary data tells us to buy CANE near 12.02 with an upside target of 13.06. This data also tells us to set a stop loss @ 11.99 to protect against excessive loss in case the stock begins to move against the trade. 12.02 is the first level of support below 12.51 , and by rule, any test of support is a buy signal. In this case, support 12.02 is being tested, a buy signal would exist.
- Short CANE slightly under 13.06, target 12.02, stop loss @ 13.1 Details
The technical summary data is suggesting a short of CANE as it gets near 13.06 with a downside target of 12.02. We should have a stop loss in place at 13.1though. 13.06 is the first level of resistance above 12.51, and by rule, any test of resistance is a short signal. In this case, if resistance 13.06 is being tested, a short signal would exist.
Swing Trading Plans for CANE
- Buy CANE slightly over 12.64, target 13.06, Stop Loss @ 12.6 Details
If 12.64 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.64, with an upside target of 13.06. The data also tells us to set a stop loss @ 12.6 in case the stock turns against the trade. 12.64 is the first level of resistance above 12.51, and by rule, any break above resistance is a buy signal. In this case, 12.64, 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 CANE slightly near 12.64, target 12.02, Stop Loss @ 12.68. Details
The technical summary data is suggesting a short of CANE if it tests 12.64 with a downside target of 12.02. We should have a stop loss in place at 12.68 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, 12.64, 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 CANE
- Buy CANE slightly over 12.64, target 13.06, Stop Loss @ 12.61 Details
If 12.64 begins to break higher, the technical summary data tells us to buy CANE just slightly over 12.64, with an upside target of 13.06. The data also tells us to set a stop loss @ 12.61 in case the stock turns against the trade. 12.64 is the first level of resistance above 12.51, and by rule, any break above resistance is a buy signal. In this case, 12.64, 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 CANE slightly near 12.64, target 12.02, Stop Loss @ 12.67. Details
The technical summary data is suggesting a short of CANE if it tests 12.64 with a downside target of 12.02. We should have a stop loss in place at 12.67 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, 12.64, 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 Teucrium Sugar Fund (CANE) available here: CANE.
CANE Ratings for November 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
11.05 |
| P2 |
12.88 |
12.64 |
12.02 |
| P3 |
0 |
12.93 |
13.06 |
AI Generated Signals for CANE
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 Teucrium Sugar Fund (NASDAQ: CANE) report below is a real world example. Included are trading plans for CANE, 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 CANE:
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