Trading (RRR) With Integrated Risk Controls
November 04, 2024, 01:20 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RRR
- Buy RRR near 50.25 target 56.29 stop loss @ 50.1 Details
The technical summary data tells us to buy RRR near 50.25 with an upside target of 56.29. This data also tells us to set a stop loss @ 50.1 to protect against excessive loss in case the stock begins to move against the trade. 50.25 is the first level of support below 51.99 , and by rule, any test of support is a buy signal. In this case, support 50.25 would be being tested, so a buy signal would exist.
- Short RRR slightly under 56.29, target 50.25, stop loss @ 56.45 Details
The technical summary data is suggesting a short of RRR as it gets near 56.29 with a downside target of 50.25. We should have a stop loss in place at 56.45though. 56.29 is the first level of resistance above 51.99, and by rule, any test of resistance is a short signal. In this case, if resistance 56.29 is being tested, so a short signal would exist.
Swing Trading Plans for RRR
- Buy RRR slightly over 54.28, target 56.29, Stop Loss @ 54.12 Details
If 54.28 begins to break higher, the technical summary data tells us to buy RRR just slightly over 54.28, with an upside target of 56.29. The data also tells us to set a stop loss @ 54.12 in case the stock turns against the trade. 54.28 is the first level of resistance above 51.99, and by rule, any break above resistance is a buy signal. In this case, 54.28, 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 RRR slightly near 54.28, target 51.68, Stop Loss @ 54.44. Details
The technical summary data is suggesting a short of RRR if it tests 54.28 with a downside target of 51.68. We should have a stop loss in place at 54.44 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, 54.28, 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 RRR
- Buy RRR slightly over 52.42, target 54.28, Stop Loss @ 52.3 Details
If 52.42 begins to break higher, the technical summary data tells us to buy RRR just slightly over 52.42, with an upside target of 54.28. The data also tells us to set a stop loss @ 52.3 in case the stock turns against the trade. 52.42 is the first level of resistance above 51.99, and by rule, any break above resistance is a buy signal. In this case, 52.42, 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 RRR slightly near 52.42, target 51.68, Stop Loss @ 52.54. Details
The technical summary data is suggesting a short of RRR if it tests 52.42 with a downside target of 51.68. We should have a stop loss in place at 52.54 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, 52.42, 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 Red Rock Resorts Inc. (RRR) available here: RRR.
RRR Ratings for November 04:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
50.25 |
| P2 |
50.7 |
51.68 |
56.29 |
| P3 |
52.42 |
54.28 |
62.36 |
AI Generated Signals for RRR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RRR:
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