Trading Invalid Iqfeed Symbol $RCII With Integrated Risk Controls
May 10, 2023, 14:30 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for RCII
- Buy RCII slightly over 21.72 target 27.11 stop loss @ 21.66 Details
The technical summary data tells us to buy RCII near 21.72 with an upside target of 27.11. This data also tells us to set a stop loss @ 21.66 to protect against excessive loss in case the stock begins to move against the trade. 21.72 is the first level of support below 26.78 , and by rule, any test of support is a buy signal. In this case, support 21.72 is being tested, a buy signal would exist.
- Short RCII slightly under 27.11, target 21.72, stop loss @ 27.19 Details
The technical summary data is suggesting a short of RCII as it gets near 27.11 with a downside target of 21.72. We should have a stop loss in place at 27.19though. 27.11 is the first level of resistance above 26.78, and by rule, any test of resistance is a short signal. In this case, if resistance 27.11 is being tested, a short signal would exist.
Swing Trading Plans for RCII
- Buy RCII slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy RCII just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 26.78, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 RCII slightly near n/a, target 21.72, Stop Loss @ 0. Details
The technical summary data is suggesting a short of RCII if it tests n/a with a downside target of 21.72. We should have a stop loss in place at 0 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, n/a, 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 RCII
- Buy RCII slightly over 27.11, target n/a, Stop Loss @ 27.05 Details
If 27.11 begins to break higher, the technical summary data tells us to buy RCII just slightly over 27.11, with an upside target of n/a. The data also tells us to set a stop loss @ 27.05 in case the stock turns against the trade. 27.11 is the first level of resistance above 26.78, and by rule, any break above resistance is a buy signal. In this case, 27.11, 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 RCII slightly near 27.11, target 26.54, Stop Loss @ 27.17. Details
The technical summary data is suggesting a short of RCII if it tests 27.11 with a downside target of 26.54. We should have a stop loss in place at 27.17 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, 27.11, 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 Invalid Iqfeed Symbol (RCII) available here: RCII.
RCII Ratings for May 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
ERR |
16.68 |
| P2 |
25.18 |
|
21.72 |
| P3 |
26.54 |
|
27.11 |
AI Generated Signals for RCII
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for RCII:
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