The Tech Data (NASDAQ: TECD) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for TECD, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.
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Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Bias | Weak | Strong | Neutral |
| P1 | 103.91 | 98.48 | 86.60 |
| P2 | 106.58 | 106.80 | 103.64 |
| P3 | 109.78 | 114.34 | 120.08 |
Long Term Trading Plans for TECD
April 20, 2019, 10:45 am ET
The Technical Summary and Trading Plans for TECD help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TECD Report.
TECD – (Long) Support Plan
The technical summary data tells us to buy TECD near 103.64 with an upside target of 120.08. This data also tells us to set a stop loss @ 103.38 to protect against excessive loss in case the stock begins to move against the trade. 103.64 is the first level of support below 105.36 , and by rule, any test of support is a buy signal. In this case, support 103.64 is being tested, a buy signal would exist.
TECD – (Short) Resistance Plan
The technical summary data is suggesting a short of TECD as it gets near 120.08 with a downside target of 103.64. We should have a stop loss in place at 120.34 though. 120.08 is the first level of resistance above 105.36, and by rule, any test of resistance is a short signal. In this case, if resistance 120.08 is being tested, a short signal would exist.
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