Learn to Evaluate (CF) using the Charts – Stock Traders Daily

April 20, 2024, 08:44 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy CF near 76.95 with an upside target of 83.36. This data also tells us to set a stop loss @ 76.73 to protect against excessive loss in case the stock begins to move against the trade. 76.95 is the first level of support below 79.47 , and by rule, any test of support is a buy signal. In this case, support 76.95 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of CF as it gets near 83.36 with a downside target of 76.95. We should have a stop loss in place at 83.6though. 83.36 is the first level of resistance above 79.47, and by rule, any test of resistance is a short signal. In this case, if resistance 83.36 is being tested, so a short signal would exist.

If 83.36 begins to break higher, the technical summary data tells us to buy CF just slightly over 83.36, with an upside target of 89.83. The data also tells us to set a stop loss @ 83.12 in case the stock turns against the trade. 83.36 is the first level of resistance above 79.47, and by rule, any break above resistance is a buy signal. In this case, 83.36, 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 CF if it tests 83.36 with a downside target of 79.11. We should have a stop loss in place at 83.6 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, 83.36, 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 79.95 begins to break higher, the technical summary data tells us to buy CF just slightly over 79.95, with an upside target of 83.36. The data also tells us to set a stop loss @ 79.76 in case the stock turns against the trade. 79.95 is the first level of resistance above 79.47, and by rule, any break above resistance is a buy signal. In this case, 79.95, 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 CF if it tests 79.95 with a downside target of 79.11. We should have a stop loss in place at 80.14 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, 79.95, 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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CF Ratings for April 20:

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When#institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Cf Industries Holdings Inc.(NYSE: CF) report below can help you understand how to do this. The trading plans for CF, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

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Learn to Evaluate (CF) using the Charts - Stock Traders Daily