January 22, 2024, 09:44 am ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn) Longer Term Trading Plans for SSIC NONE. Details There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher. This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session. Short SSIC slightly under 8.21, target n/a, stop loss @ 8.23 Details The technical summary data is suggesting a short of SSIC as it gets near 8.21, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 8.23. 8.21 is the first level of resistance above 8.21, and by rule, any test of resistance is a short signal. In this case, if resistance 8.21 is being tested, so a short signal would exist. Swing Trading Plans for SSIC Buy SSIC slightly over 8.35, target 9.05, Stop Loss @ 8.33 Details If 8.35 begins to break higher, the technical summary data tells us to buy SSIC just slightly over 8.35, with an upside target of 9.05. The data also tells us to set a stop loss @ 8.33 in case the stock turns against the trade. 8.35 is the first level of resistance above 8.21, and by rule, any break above resistance is a buy signal. In this case, 8.35, 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 SSIC slightly near 8.35, target n/a, Stop Loss @ 8.37. Details The technical summary data is suggesting a short of SSIC if it tests 8.35 with a downside target of n/a. We should have a stop loss in place at 8.37 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, 8.35, 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 SSIC Buy SSIC slightly over 8.35, target 9.05, Stop Loss @ 8.33 Details If 8.35 begins to break higher, the technical summary data tells us to buy SSIC just slightly over 8.35, with an upside target of 9.05. The data also tells us to set a stop loss @ 8.33 in case the stock turns against the trade. 8.35 is the first level of resistance above 8.21, and by rule, any break above resistance is a buy signal. In this case, 8.35, 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 SSIC slightly near 8.35, target n/a, Stop Loss @ 8.37. Details The technical summary data is suggesting a short of SSIC if it tests 8.35 with a downside target of n/a. We should have a stop loss in place at 8.37 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, 8.35, 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.
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher. This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session. Scrubber Nozzle Factory
The technical summary data is suggesting a short of SSIC as it gets near 8.21, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 8.23. 8.21 is the first level of resistance above 8.21, and by rule, any test of resistance is a short signal. In this case, if resistance 8.21 is being tested, so a short signal would exist.
If 8.35 begins to break higher, the technical summary data tells us to buy SSIC just slightly over 8.35, with an upside target of 9.05. The data also tells us to set a stop loss @ 8.33 in case the stock turns against the trade. 8.35 is the first level of resistance above 8.21, and by rule, any break above resistance is a buy signal. In this case, 8.35, 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.
The technical summary data is suggesting a short of SSIC if it tests 8.35 with a downside target of n/a. We should have a stop loss in place at 8.37 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, 8.35, 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.
If 8.35 begins to break higher, the technical summary data tells us to buy SSIC just slightly over 8.35, with an upside target of 9.05. The data also tells us to set a stop loss @ 8.33 in case the stock turns against the trade. 8.35 is the first level of resistance above 8.21, and by rule, any break above resistance is a buy signal. In this case, 8.35, 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.
The technical summary data is suggesting a short of SSIC if it tests 8.35 with a downside target of n/a. We should have a stop loss in place at 8.37 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, 8.35, 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.
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