Trading (MMC) With Integrated Risk Controls

January 16, 2024, 01:42 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for MMC

• Buy MMC slightly over 190.1 target 199.36 stop loss @ 189.55 Details

The technical summary data tells us to buy MMC near 190.1 with an upside target of 199.36. This data also tells us to set a stop loss @ 189.55 to protect against excessive loss in case the stock begins to move against the trade. 190.1 is the first level of support below 195.94 , and by rule, any test of support is a buy signal. In this case, support 190.1 would be being tested, so a buy signal would exist.

• Short MMC slightly under 199.36, target 190.1, stop loss @ 199.94 Details

The technical summary data is suggesting a short of MMC as it gets near 199.36 with a downside target of 190.1. We should have a stop loss in place at 199.94though. 199.36 is the first level of resistance above 195.94, and by rule, any test of resistance is a short signal. In this case, if resistance 199.36 is being tested, so a short signal would exist.

Swing Trading Plans for MMC

• Buy MMC slightly over 199.36, target 208.43, Stop Loss @ 198.78 Details

If 199.36 begins to break higher, the technical summary data tells us to buy MMC just slightly over 199.36, with an upside target of 208.43. The data also tells us to set a stop loss @ 198.78 in case the stock turns against the trade. 199.36 is the first level of resistance above 195.94, and by rule, any break above resistance is a buy signal. In this case, 199.36, 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 MMC slightly near 199.36, target 194.95, Stop Loss @ 199.94. Details

The technical summary data is suggesting a short of MMC if it tests 199.36 with a downside target of 194.95. We should have a stop loss in place at 199.94 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, 199.36, 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 MMC

• Buy MMC slightly over 196.12, target 199.36, Stop Loss @ 195.66 Details

If 196.12 begins to break higher, the technical summary data tells us to buy MMC just slightly over 196.12, with an upside target of 199.36. The data also tells us to set a stop loss @ 195.66 in case the stock turns against the trade. 196.12 is the first level of resistance above 195.94, and by rule, any break above resistance is a buy signal. In this case, 196.12, 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 MMC slightly near 196.12, target 194.95, Stop Loss @ 196.58. Details

The technical summary data is suggesting a short of MMC if it tests 196.12 with a downside target of 194.95. We should have a stop loss in place at 196.58 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, 196.12, 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 Marsh & Mclennan Companies Inc. (MMC) available here: MMC.

MMC Ratings for January 16:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	190.1
P2	194.59	191.95	199.36
P3	196.12	194.95	208.43

AI Generated Signals for MMC

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