Jan 23, 2020 (Stock Traders Daily via COMTEX) -- The Invalid Iqfeed Symbol (TSX:CA:JEC) 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 JEC, and 1300 other stocks too, updated in real time for our trial subscribers . The data below is a snapshot, but updates are available now.
The Technical Summary and Trading Plans for JEC 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 JEC Report.
The technical summary data tells us to buy JEC near 83.74 with an upside target of 91.62. This data also tells us to set a stop loss @ 83.48 to protect against excessive loss in case the stock begins to move against the trade. 83.74 is the first level of support below 85.84 , and by rule, any test of support is a buy signal. In this case, support 83.74 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of JEC as it gets near 91.62 with a downside target of 83.74. We should have a stop loss in place at 91.88 though. 91.62 is the first level of resistance above 85.84, and by rule, any test of resistance is a short signal. In this case, if resistance 91.62 is being tested, so a short signal would exist.