Learn to Evaluate (TD) using the Charts
February 23, 2024, 21:08 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TD
- Buy TD slightly over 57.39 target 60.66 stop loss @ 57.22 Details
The technical summary data tells us to buy TD near 57.39 with an upside target of 60.66. This data also tells us to set a stop loss @ 57.22 to protect against excessive loss in case the stock begins to move against the trade. 57.39 is the first level of support below 60.44 , and by rule, any test of support is a buy signal. In this case, support 57.39 would be being tested, so a buy signal would exist.
- Short TD slightly under 60.66, target 57.39, stop loss @ 60.84 Details
The technical summary data is suggesting a short of TD as it gets near 60.66 with a downside target of 57.39. We should have a stop loss in place at 60.84though. 60.66 is the first level of resistance above 60.44, and by rule, any test of resistance is a short signal. In this case, if resistance 60.66 is being tested, so a short signal would exist.
Swing Trading Plans for TD
- Buy TD slightly over 60.66, target 63.76, Stop Loss @ 60.48 Details
If 60.66 begins to break higher, the technical summary data tells us to buy TD just slightly over 60.66, with an upside target of 63.76. The data also tells us to set a stop loss @ 60.48 in case the stock turns against the trade. 60.66 is the first level of resistance above 60.44, and by rule, any break above resistance is a buy signal. In this case, 60.66, 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 TD slightly near 60.66, target 60.23, Stop Loss @ 60.84. Details
The technical summary data is suggesting a short of TD if it tests 60.66 with a downside target of 60.23. We should have a stop loss in place at 60.84 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, 60.66, 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 TD
- Buy TD slightly over 60.66, target 63.76, Stop Loss @ 60.52 Details
If 60.66 begins to break higher, the technical summary data tells us to buy TD just slightly over 60.66, with an upside target of 63.76. The data also tells us to set a stop loss @ 60.52 in case the stock turns against the trade. 60.66 is the first level of resistance above 60.44, and by rule, any break above resistance is a buy signal. In this case, 60.66, 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 TD slightly near 60.66, target 60.23, Stop Loss @ 60.8. Details
The technical summary data is suggesting a short of TD if it tests 60.66 with a downside target of 60.23. We should have a stop loss in place at 60.8 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, 60.66, 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 Toronto Dominion Bank (the) (TD) available here: TD.
TD Ratings for February 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
57.39 |
| P2 |
59.49 |
58.93 |
60.66 |
| P3 |
60.04 |
60.23 |
63.76 |
AI Generated Signals for TD
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 Toronto Dominion Bank (the) (NYSE: TD) report below can help you understand how to do this. The trading plans for TD, 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 TD:
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