Longer Term Trading Plans for PJUL
- Buy PJUL near 40.79 target 41.35 stop loss @ 40.67
- Short PJUL slightly under 41.35, target 40.79, stop loss @ 41.47
November 16, 2024, 15:52 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy PJUL near 40.79 with an upside target of 41.35. This data also tells us to set a stop loss @ 40.67 to protect against excessive loss in case the stock begins to move against the trade. 40.79 is the first level of support below 40.84 , and by rule, any test of support is a buy signal. In this case, support 40.79 is being tested, a buy signal would exist.
The technical…