How the (EWBC) price action is used to our Advantage
September 27, 2024, 12:24 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for EWBC
- Buy EWBC near 76.54 target 83.46 stop loss @ 76.32 Details
The technical summary data tells us to buy EWBC near 76.54 with an upside target of 83.46. This data also tells us to set a stop loss @ 76.32 to protect against excessive loss in case the stock begins to move against the trade. 76.54 is the first level of support below 81.93 , and by rule, any test of support is a buy signal. In this case, support 76.54 would be being tested, so a buy signal would exist.
- Short EWBC slightly under 83.46, target 76.54, stop loss @ 83.7 Details
The technical summary data is suggesting a short of EWBC as it gets near 83.46 with a downside target of 76.54. We should have a stop loss in place at 83.7though. 83.46 is the first level of resistance above 81.93, and by rule, any test of resistance is a short signal. In this case, if resistance 83.46 is being tested, so a short signal would exist.
Swing Trading Plans for EWBC
- Buy EWBC slightly over 83.46, target 84.16, Stop Loss @ 83.22 Details
If 83.46 begins to break higher, the technical summary data tells us to buy EWBC just slightly over 83.46, with an upside target of 84.16. The data also tells us to set a stop loss @ 83.22 in case the stock turns against the trade. 83.46 is the first level of resistance above 81.93, and by rule, any break above resistance is a buy signal. In this case, 83.46, 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 EWBC slightly near 83.46, target 81.22, Stop Loss @ 83.7. Details
The technical summary data is suggesting a short of EWBC if it tests 83.46 with a downside target of 81.22. We should have a stop loss in place at 83.7 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, 83.46, 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 EWBC
- Buy EWBC slightly over 83.46, target 84.16, Stop Loss @ 83.27 Details
If 83.46 begins to break higher, the technical summary data tells us to buy EWBC just slightly over 83.46, with an upside target of 84.16. The data also tells us to set a stop loss @ 83.27 in case the stock turns against the trade. 83.46 is the first level of resistance above 81.93, and by rule, any break above resistance is a buy signal. In this case, 83.46, 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 EWBC slightly near 83.46, target 81.22, Stop Loss @ 83.65. Details
The technical summary data is suggesting a short of EWBC if it tests 83.46 with a downside target of 81.22. We should have a stop loss in place at 83.65 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, 83.46, 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 East West Bancorp Inc. (EWBC) available here: EWBC.
EWBC Ratings for September 27:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
76.54 |
| P2 |
79.85 |
81.22 |
83.46 |
| P3 |
81.06 |
84.16 |
90.59 |
AI Generated Signals for EWBC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The East West Bancorp Inc. (NASDAQ: EWBC) data table below can help you with price action, and we have more details too. Trading plans for EWBC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for EWBC:
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