When (IMKTA) Moves Investors should Listen
December 15, 2024, 05:20 am ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for IMKTA
- Buy IMKTA near 66.97 target 73.15 stop loss @ 66.78 Details
The technical summary data tells us to buy IMKTA near 66.97 with an upside target of 73.15. This data also tells us to set a stop loss @ 66.78 to protect against excessive loss in case the stock begins to move against the trade. 66.97 is the first level of support below 69.2 , and by rule, any test of support is a buy signal. In this case, support 66.97 is being tested, a buy signal would exist.
- Short IMKTA slightly under 73.15, target 66.97, stop loss @ 73.36 Details
The technical summary data is suggesting a short of IMKTA as it gets near 73.15 with a downside target of 66.97. We should have a stop loss in place at 73.36though. 73.15 is the first level of resistance above 69.2, and by rule, any test of resistance is a short signal. In this case, if resistance 73.15 is being tested, a short signal would exist.
Swing Trading Plans for IMKTA
- Buy IMKTA slightly over 70.72, target 73.15, Stop Loss @ 70.52 Details
If 70.72 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 70.72, with an upside target of 73.15. The data also tells us to set a stop loss @ 70.52 in case the stock turns against the trade. 70.72 is the first level of resistance above 69.2, and by rule, any break above resistance is a buy signal. In this case, 70.72, 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 IMKTA slightly near 70.72, target 68.53, Stop Loss @ 70.92. Details
The technical summary data is suggesting a short of IMKTA if it tests 70.72 with a downside target of 68.53. We should have a stop loss in place at 70.92 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, 70.72, 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 IMKTA
- Buy IMKTA slightly over 69.31, target 70.72, Stop Loss @ 69.15 Details
If 69.31 begins to break higher, the technical summary data tells us to buy IMKTA just slightly over 69.31, with an upside target of 70.72. The data also tells us to set a stop loss @ 69.15 in case the stock turns against the trade. 69.31 is the first level of resistance above 69.2, and by rule, any break above resistance is a buy signal. In this case, 69.31, 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 IMKTA slightly near 69.31, target 68.53, Stop Loss @ 69.47. Details
The technical summary data is suggesting a short of IMKTA if it tests 69.31 with a downside target of 68.53. We should have a stop loss in place at 69.47 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, 69.31, 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 Ingles Markets Incorporated Class A Common Stock (IMKTA) available here: IMKTA.
IMKTA Ratings for December 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
60.71 |
| P2 |
69.31 |
68.53 |
66.97 |
| P3 |
71.15 |
70.72 |
73.15 |
AI Generated Signals for IMKTA
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 Ingles Markets Incorporated Class A Common Stock (NASDAQ: IMKTA) report below is a real world example. Included are trading plans for IMKTA, 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 IMKTA:
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