When (PSMT) Moves Investors should Listen
June 24, 2024, 01:34 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PSMT
- Buy PSMT slightly over 75.29 target 81.69 stop loss @ 75.07 Details
The technical summary data tells us to buy PSMT near 75.29 with an upside target of 81.69. This data also tells us to set a stop loss @ 75.07 to protect against excessive loss in case the stock begins to move against the trade. 75.29 is the first level of support below 80.4 , and by rule, any test of support is a buy signal. In this case, support 75.29 would be being tested, so a buy signal would exist.
- Short PSMT slightly under 81.69, target 75.29, stop loss @ 81.93 Details
The technical summary data is suggesting a short of PSMT as it gets near 81.69 with a downside target of 75.29. We should have a stop loss in place at 81.93though. 81.69 is the first level of resistance above 80.4, and by rule, any test of resistance is a short signal. In this case, if resistance 81.69 is being tested, so a short signal would exist.
Swing Trading Plans for PSMT
- Buy PSMT slightly over 80.8, target 81.69, Stop Loss @ 80.57 Details
If 80.8 begins to break higher, the technical summary data tells us to buy PSMT just slightly over 80.8, with an upside target of 81.69. The data also tells us to set a stop loss @ 80.57 in case the stock turns against the trade. 80.8 is the first level of resistance above 80.4, and by rule, any break above resistance is a buy signal. In this case, 80.8, 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 PSMT slightly near 80.8, target 77.6, Stop Loss @ 81.03. Details
The technical summary data is suggesting a short of PSMT if it tests 80.8 with a downside target of 77.6. We should have a stop loss in place at 81.03 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, 80.8, 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 PSMT
- Buy PSMT slightly over 80.8, target 81.18, Stop Loss @ 80.61 Details
If 80.8 begins to break higher, the technical summary data tells us to buy PSMT just slightly over 80.8, with an upside target of 81.18. The data also tells us to set a stop loss @ 80.61 in case the stock turns against the trade. 80.8 is the first level of resistance above 80.4, and by rule, any break above resistance is a buy signal. In this case, 80.8, 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 PSMT slightly near 80.8, target 77.6, Stop Loss @ 80.99. Details
The technical summary data is suggesting a short of PSMT if it tests 80.8 with a downside target of 77.6. We should have a stop loss in place at 80.99 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, 80.8, 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 Pricesmart Inc. (PSMT) available here: PSMT.
PSMT Ratings for June 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
75.29 |
| P2 |
81.18 |
77.6 |
81.69 |
| P3 |
82.1 |
80.8 |
87.94 |
AI Generated Signals for PSMT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Pricesmart Inc. (NASDAQ: PSMT) report below is a real world example. Included are trading plans for PSMT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PSMT:
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