Learn to Evaluate (SNX) using the Charts
July 24, 2024, 16:38 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNX
- Buy SNX slightly over 112.39 target 121.31 stop loss @ 112.07 Details
The technical summary data tells us to buy SNX near 112.39 with an upside target of 121.31. This data also tells us to set a stop loss @ 112.07 to protect against excessive loss in case the stock begins to move against the trade. 112.39 is the first level of support below 116.29 , and by rule, any test of support is a buy signal. In this case, support 112.39 would be being tested, so a buy signal would exist.
- Short SNX slightly under 121.31, target 112.39, stop loss @ 121.66 Details
The technical summary data is suggesting a short of SNX as it gets near 121.31 with a downside target of 112.39. We should have a stop loss in place at 121.66though. 121.31 is the first level of resistance above 116.29, and by rule, any test of resistance is a short signal. In this case, if resistance 121.31 is being tested, so a short signal would exist.
Swing Trading Plans for SNX
- Buy SNX slightly over 117.3, target 120.68, Stop Loss @ 116.96 Details
If 117.3 begins to break higher, the technical summary data tells us to buy SNX just slightly over 117.3, with an upside target of 120.68. The data also tells us to set a stop loss @ 116.96 in case the stock turns against the trade. 117.3 is the first level of resistance above 116.29, and by rule, any break above resistance is a buy signal. In this case, 117.3, 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 SNX slightly near 117.3, target 112.39, Stop Loss @ 117.64. Details
The technical summary data is suggesting a short of SNX if it tests 117.3 with a downside target of 112.39. We should have a stop loss in place at 117.64 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, 117.3, 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 SNX
- Buy SNX slightly over 117.3, target 118.03, Stop Loss @ 117.03 Details
If 117.3 begins to break higher, the technical summary data tells us to buy SNX just slightly over 117.3, with an upside target of 118.03. The data also tells us to set a stop loss @ 117.03 in case the stock turns against the trade. 117.3 is the first level of resistance above 116.29, and by rule, any break above resistance is a buy signal. In this case, 117.3, 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 SNX slightly near 117.3, target 115.63, Stop Loss @ 117.57. Details
The technical summary data is suggesting a short of SNX if it tests 117.3 with a downside target of 115.63. We should have a stop loss in place at 117.57 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, 117.3, 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 Td Synnex Corporation (SNX) available here: SNX.
SNX Ratings for July 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
112.39 |
| P2 |
115.63 |
117.3 |
121.31 |
| P3 |
118.03 |
120.68 |
130.37 |
AI Generated Signals for SNX
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Td Synnex Corporation (NYSE: SNX) report below can help you understand how to do this. The trading plans for SNX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SNX:
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