Pool $POOL Trading Advice

November 07, 2023, 01:45 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for POOL

• Buy POOL slightly over 326.05 target 355.78 stop loss @ 325.11 Details

The technical summary data tells us to buy POOL near 326.05 with an upside target of 355.78. This data also tells us to set a stop loss @ 325.11 to protect against excessive loss in case the stock begins to move against the trade. 326.05 is the first level of support below 330.01 , and by rule, any test of support is a buy signal. In this case, support 326.05 would be being tested, so a buy signal would exist.

• Short POOL slightly under 355.78, target 326.05, stop loss @ 356.81 Details

The technical summary data is suggesting a short of POOL as it gets near 355.78 with a downside target of 326.05. We should have a stop loss in place at 356.81though. 355.78 is the first level of resistance above 330.01, and by rule, any test of resistance is a short signal. In this case, if resistance 355.78 is being tested, so a short signal would exist.

Swing Trading Plans for POOL

• Buy POOL slightly over 332.14, target 355.78, Stop Loss @ 331.18 Details

If 332.14 begins to break higher, the technical summary data tells us to buy POOL just slightly over 332.14, with an upside target of 355.78. The data also tells us to set a stop loss @ 331.18 in case the stock turns against the trade. 332.14 is the first level of resistance above 330.01, and by rule, any break above resistance is a buy signal. In this case, 332.14, 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 POOL slightly near 332.14, target 326.05, Stop Loss @ 333.1. Details

The technical summary data is suggesting a short of POOL if it tests 332.14 with a downside target of 326.05. We should have a stop loss in place at 333.1 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, 332.14, 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 POOL

• Buy POOL slightly over 331.59, target 332.14, Stop Loss @ 330.82 Details

If 331.59 begins to break higher, the technical summary data tells us to buy POOL just slightly over 331.59, with an upside target of 332.14. The data also tells us to set a stop loss @ 330.82 in case the stock turns against the trade. 331.59 is the first level of resistance above 330.01, and by rule, any break above resistance is a buy signal. In this case, 331.59, 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 POOL slightly near 331.59, target 326.05, Stop Loss @ 332.36. Details

The technical summary data is suggesting a short of POOL if it tests 331.59 with a downside target of 326.05. We should have a stop loss in place at 332.36 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, 331.59, 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 Pool (POOL) available here: POOL.

POOL Ratings for November 07:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	326.05
P2	331.59	313.29	355.78
P3	341.85	332.14	387.28

AI Generated Signals for POOL

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This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Pool (NASDAQ: POOL) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for POOL change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if POOL is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for POOL too.  All of these are offered below the Summary Table.