Objective long/short (TOWN) report

Longer term trading plans for TOWN

  • Buy TOWN just over 25.96, target 28.3 stop loss @ 25.89 Details
  • The technical summary data tells us to buy TOWN around 25.96 with an upside target of 28.3. This data also tells us to set a stop loss @ 25.89 to protect against excessive loss in case the stock starts moving against the trade. 25.96 is the first support level below 26.09, and as a rule any test of support is a buy signal. In this case, support 25.96 would be tested, so there would be a buy signal.

  • Short TOWN just under 28.3, target 25.96, stop loss @ 28.38 Details
  • The technical summary data suggests a shortfall on TOWN as it nears 28.3 with a downside target of 25.96. However, we should have a stop loss at 28.38. 28.3 is the first resistance level above 26.09, and as a rule any resistance test is a short signal. In this case, if resistor 28.3 is tested, a short signal would exist.

Swing trading plans for TOWN

  • Buy TOWN just above 26.66, target 28.3, stop-loss @ 26.58 Details
  • If 26.66 starts to move higher, the technical summary tells us to buy TOWN just above 26.66, with an upside target of 28.3. The data also tells us to set a stop loss at 26.58 in case the stock turns against the trade. 26.66 is the first resistance level above 26.09, and as a rule, any break above resistance is a buy signal. In this case, 26.66, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short TOWN something near 26.66, target 25.96, Stop Loss @ 26.74. Details
  • The technical summary data suggests a shortfall on TOWN as it tests 26.66 with a downside target of 25.96. However, we should have a stop loss at 26.74 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing resistance 26.66 would result in a short signal. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Day trading plans for TOWN

  • Buy TOWN just above 26.1, target 26.74, Stop Loss @ 26.04 Details
  • If 26.1 starts moving higher, the technical summary data tells us to buy TOWN just above 26.1, with an upside target of 26.74. The data also tells us to set a stop loss at 26.04 in case the stock turns against the trade. 26.1 is the first resistance level above 26.09, and as a rule, any break above resistance is a buy signal. In this case, 26.1, the initial resistance, would break higher, creating a buy signal. Because this plan is based on breaking through resistance, it is called a Long Resistance Plan.

  • Short TOWN something near 26.1, target N/A, Stop Loss @ 26.16. Details
  • The technical summary data suggests a short on TOWN as it tests 26.1 with a downside target of N/A However, we should have a stop loss at 26.16 in case the stock starts moving against the trade. As a rule, each resistance test is a short signal. In this case, testing resistor 26.1 would produce a short signal. Because this plan is a short plan based on a resistance test, it is called a Short Resistance Plan.

Check the time stamp on this data. Updated AI-generated signals for Towne Bank (CITY) available here: VILLAGE.

TOWN Ratings for June 15:







Term → Near Middle
Long
Judgement Neutral Weak Strong
P1 0 0 25.96
P2 26.1 25.9 28.3
P3 26.74 26.66 30.78
AI generated signals for CITY

TOWN Long-term analysis for June 15, 2024

Blue = Current price
Red= Resistance
Green = Support

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This report was produced using AI developed by Stock Traders Daily. Over the past twenty years, this proprietary AI has been refined to help identify the most appropriate trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to index options, ETFs and futures. The purpose of this specific report is to optimize trading Towne Bank (NASDAQ: TOWN) while building in prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but the support and resistance levels for TOWN change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that apply to the data in this report are the rules of technical analysis. For example, if TOWN is testing support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign that risk is under control or a short position exists, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (to avoid trading in the middle of a trading channel), but also acts as a level of risk control.

Swing trades, day trades and longer term trading plans:

This data has been refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for TOWN as well. These are all offered below the overview table.

Fundamental charts for TOWN: