Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
December 23, 2024, 01:44 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy ABCB near 59.94 with an upside target of 66.24. This data also tells us to set a stop loss @ 59.77 to protect against excessive loss in case the stock begins to move against the trade. 59.94 is the first level of support below 62.81 , and by rule, any test of support is a buy signal. In this case, support 59.94 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of ABCB as it gets near 66.24 with a downside target of 59.94. We should have a stop loss in place at 66.43though. 66.24 is the first level of resistance above 62.81, and by rule, any test of resistance is a short signal. In this case, if resistance 66.24 is being tested, so a short signal would exist.
If 64.14 begins to break higher, the technical summary data tells us to buy ABCB just slightly over 64.14, with an upside target of 66.24. The data also tells us to set a stop loss @ 63.95 in case the stock turns against the trade. 64.14 is the first level of resistance above 62.81, and by rule, any break above resistance is a buy signal. In this case, 64.14, 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 ABCB if it tests 64.14 with a downside target of 62.04. We should have a stop loss in place at 64.33 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, 64.14, 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 64.14 begins to break higher, the technical summary data tells us to buy ABCB just slightly over 64.14, with an upside target of 66.24. The data also tells us to set a stop loss @ 63.99 in case the stock turns against the trade. 64.14 is the first level of resistance above 62.81, and by rule, any break above resistance is a buy signal. In this case, 64.14, 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 ABCB if it tests 64.14 with a downside target of 62.67. We should have a stop loss in place at 64.29 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, 64.14, 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.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Don't over think it! Trading Ameris Bancorp (NASDAQ: ABCB) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions. This should be an integral part of the investment process.