pool adsHow to Develop Trading Plans for Teledyne Technologies #TDY and other Stocks
According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Teledyne Technologies (NYSE: TDY) to foretell upcoming changes. A current example is provided below. There are trading plans for TDY, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Strong | Strong |
| P1 | 0 | 0 | 380.84 |
| P2 | 423.90 | 426.87 | 410.28 |
| P3 | 436.00 | 442.38 | 441.56 |
Support and Resistance Plot Chart for TDY
Long Term Trading Plans for TDY
May 9, 2021, 8:30 am ET
The Technical Summary and Trading Plans for TDY help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TDY Report.
TDY - (Long) Support Plan
The technical summary data tells us to buy TDY near 410.28 with an upside target of 441.56. This data also tells us to set a stop loss @ 409.1 to protect against excessive loss in case the stock begins to move against the trade. 410.28 is the first level of support below 435.99 , and by rule, any test of support is a buy signal. In this case, support 410.28 is being tested, a buy signal would exist.
TDY - (Short) Resistance Plan
The technical summary data is suggesting a short of TDY as it gets near 441.56 with a downside target of 410.28. We should have a stop loss in place at 442.84though. 441.56 is the first level of resistance above 435.99, and by rule, any test of resistance is a short signal. In this case, if resistance 441.56 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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