Trading (UNF) With Integrated Risk Controls

January 22, 2024, 21:40 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for UNF

• Buy UNF slightly over 164.72 target 179.59 stop loss @ 164.24 Details

The technical summary data tells us to buy UNF near 164.72 with an upside target of 179.59. This data also tells us to set a stop loss @ 164.24 to protect against excessive loss in case the stock begins to move against the trade. 164.72 is the first level of support below 169.18 , and by rule, any test of support is a buy signal. In this case, support 164.72 is being tested, a buy signal would exist.

• Short UNF slightly under 179.59, target 164.72, stop loss @ 180.11 Details

The technical summary data is suggesting a short of UNF as it gets near 179.59 with a downside target of 164.72. We should have a stop loss in place at 180.11though. 179.59 is the first level of resistance above 169.18, and by rule, any test of resistance is a short signal. In this case, if resistance 179.59 is being tested, a short signal would exist.

Swing Trading Plans for UNF

• Buy UNF slightly over 170.94, target 179.59, Stop Loss @ 170.45 Details

If 170.94 begins to break higher, the technical summary data tells us to buy UNF just slightly over 170.94, with an upside target of 179.59. The data also tells us to set a stop loss @ 170.45 in case the stock turns against the trade. 170.94 is the first level of resistance above 169.18, and by rule, any break above resistance is a buy signal. In this case, 170.94, 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 UNF slightly near 170.94, target 165.53, Stop Loss @ 171.43. Details

The technical summary data is suggesting a short of UNF if it tests 170.94 with a downside target of 165.53. We should have a stop loss in place at 171.43 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, 170.94, 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 UNF

• Buy UNF slightly over 170.94, target 179.59, Stop Loss @ 170.54 Details

If 170.94 begins to break higher, the technical summary data tells us to buy UNF just slightly over 170.94, with an upside target of 179.59. The data also tells us to set a stop loss @ 170.54 in case the stock turns against the trade. 170.94 is the first level of resistance above 169.18, and by rule, any break above resistance is a buy signal. In this case, 170.94, 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 UNF slightly near 170.94, target 168.91, Stop Loss @ 171.34. Details

The technical summary data is suggesting a short of UNF if it tests 170.94 with a downside target of 168.91. We should have a stop loss in place at 171.34 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, 170.94, 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 Unifirst Corporation (UNF) available here: UNF.

UNF Ratings for January 22:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	149.9
P2	165.58	165.53	164.72
P3	168.91	170.94	179.59

AI Generated Signals for UNF

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