May 03, 2021 (Stock Traders Daily via COMTEX) -- Both #opportunity and #risks can be drawn from looking at the #priceaction in Chubb /zigman2/quotes/209397502/composite CB +0.85% . This is a practice commonly referred to as reading the charts. The summary data for CB below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for CB 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 CB Report.
The technical summary data tells us to buy CB near 167.22 with an upside target of 179.16. This data also tells us to set a stop loss @ 166.74 to protect against excessive loss in case the stock begins to move against the trade. 167.22 is the first level of support below 172.68 , and by rule, any test of support is a buy signal. In this case, support 167.22 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of CB as it gets near 179.16 with a downside target of 167.22. We should have a stop loss in place at 179.68though. 179.16 is the first level of resistance above 172.68, and by rule, any test of resistance is a short signal. In this case, if resistance 179.16 is being tested, a short signal would exist.
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