May 31, 2024, 14:50 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn) Longer Term Trading Plans for HOOD Buy HOOD slightly over 17.24 target 20.67 stop loss @ 17.19 Details The technical summary data tells us to buy HOOD near 17.24 with an upside target of 20.67. This data also tells us to set a stop loss @ 17.19 to protect against excessive loss in case the stock begins to move against the trade. 17.24 is the first level of support below 20.485 , and by rule, any test of support is a buy signal. In this case, support 17.24 is being tested, a buy signal would exist. Short HOOD slightly under 20.67, target 17.24, stop loss @ 20.73 Details The technical summary data is suggesting a short of HOOD as it gets near 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.73though. 20.67 is the first level of resistance above 20.485, and by rule, any test of resistance is a short signal. In this case, if resistance 20.67 is being tested, a short signal would exist. Swing Trading Plans for HOOD Buy HOOD slightly over 20.67, target 22.27, Stop Loss @ 20.61 Details If 20.67 begins to break higher, the technical summary data tells us to buy HOOD just slightly over 20.67, with an upside target of 22.27. The data also tells us to set a stop loss @ 20.61 in case the stock turns against the trade. 20.67 is the first level of resistance above 20.485, and by rule, any break above resistance is a buy signal. In this case, 20.67, 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 HOOD slightly near 20.67, target 17.24, Stop Loss @ 20.73. Details The technical summary data is suggesting a short of HOOD if it tests 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.73 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, 20.67, 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 HOOD Buy HOOD slightly over 20.67, target 21.5, Stop Loss @ 20.62 Details If 20.67 begins to break higher, the technical summary data tells us to buy HOOD just slightly over 20.67, with an upside target of 21.5. The data also tells us to set a stop loss @ 20.62 in case the stock turns against the trade. 20.67 is the first level of resistance above 20.485, and by rule, any break above resistance is a buy signal. In this case, 20.67, 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 HOOD slightly near 20.67, target 17.24, Stop Loss @ 20.72. Details The technical summary data is suggesting a short of HOOD if it tests 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.72 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, 20.67, 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.
The technical summary data tells us to buy HOOD near 17.24 with an upside target of 20.67. This data also tells us to set a stop loss @ 17.19 to protect against excessive loss in case the stock begins to move against the trade. 17.24 is the first level of support below 20.485 , and by rule, any test of support is a buy signal. In this case, support 17.24 is being tested, a buy signal would exist. electric stove hood
The technical summary data is suggesting a short of HOOD as it gets near 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.73though. 20.67 is the first level of resistance above 20.485, and by rule, any test of resistance is a short signal. In this case, if resistance 20.67 is being tested, a short signal would exist.
If 20.67 begins to break higher, the technical summary data tells us to buy HOOD just slightly over 20.67, with an upside target of 22.27. The data also tells us to set a stop loss @ 20.61 in case the stock turns against the trade. 20.67 is the first level of resistance above 20.485, and by rule, any break above resistance is a buy signal. In this case, 20.67, 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 HOOD if it tests 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.73 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, 20.67, 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 20.67 begins to break higher, the technical summary data tells us to buy HOOD just slightly over 20.67, with an upside target of 21.5. The data also tells us to set a stop loss @ 20.62 in case the stock turns against the trade. 20.67 is the first level of resistance above 20.485, and by rule, any break above resistance is a buy signal. In this case, 20.67, 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 HOOD if it tests 20.67 with a downside target of 17.24. We should have a stop loss in place at 20.72 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, 20.67, 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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