When the Price of (CWB) Talks, People Listen
January 15, 2024, 17:46 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CWB
- Buy CWB slightly over 69.5 target 71.73 stop loss @ 69.3 Details
The technical summary data tells us to buy CWB near 69.5 with an upside target of 71.73. This data also tells us to set a stop loss @ 69.3 to protect against excessive loss in case the stock begins to move against the trade. 69.5 is the first level of support below 71.26 , and by rule, any test of support is a buy signal. In this case, support 69.5 is being tested, a buy signal would exist.
- Short CWB slightly under 71.73, target 69.5, stop loss @ 71.94 Details
The technical summary data is suggesting a short of CWB as it gets near 71.73 with a downside target of 69.5. We should have a stop loss in place at 71.94though. 71.73 is the first level of resistance above 71.26, and by rule, any test of resistance is a short signal. In this case, if resistance 71.73 is being tested, a short signal would exist.
Swing Trading Plans for CWB
- Buy CWB slightly over 71.3, target 71.73, Stop Loss @ 71.09 Details
If 71.3 begins to break higher, the technical summary data tells us to buy CWB just slightly over 71.3, with an upside target of 71.73. The data also tells us to set a stop loss @ 71.09 in case the stock turns against the trade. 71.3 is the first level of resistance above 71.26, and by rule, any break above resistance is a buy signal. In this case, 71.3, 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 CWB slightly near 71.3, target 70.26, Stop Loss @ 71.51. Details
The technical summary data is suggesting a short of CWB if it tests 71.3 with a downside target of 70.26. We should have a stop loss in place at 71.51 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, 71.3, 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 CWB
- Buy CWB slightly over 71.3, target 71.52, Stop Loss @ 71.13 Details
If 71.3 begins to break higher, the technical summary data tells us to buy CWB just slightly over 71.3, with an upside target of 71.52. The data also tells us to set a stop loss @ 71.13 in case the stock turns against the trade. 71.3 is the first level of resistance above 71.26, and by rule, any break above resistance is a buy signal. In this case, 71.3, 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 CWB slightly near 71.3, target 70.26, Stop Loss @ 71.47. Details
The technical summary data is suggesting a short of CWB if it tests 71.3 with a downside target of 70.26. We should have a stop loss in place at 71.47 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, 71.3, 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 Spdr Bloomberg Convertible Securities Etf (CWB) available here: CWB.
CWB Ratings for January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
67.21 |
| P2 |
71.26 |
70.26 |
69.5 |
| P3 |
71.52 |
71.3 |
71.73 |
AI Generated Signals for CWB
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Spdr Bloomberg Convertible Securities Etf (NYSE: CWB) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for CWB can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for CWB:
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