Longer Term Trading Plans for CNOBP
- Buy CNOBP near 22.16 target 22.99 stop loss @ 22.1
- Short CNOBP slightly under 22.99, target 22.16, stop loss @ 23.06
June 10, 2025, 15:08 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy CNOBP near 22.16 with an upside target of 22.99. This data also tells us to set a stop loss @ 22.1 to protect against excessive loss in case the stock begins to move against the trade. 22.16 is the first level of support below 22.65 , and by rule, any test of support is a buy signal. In this case, support 22.16 would be being tested, so a buy signal would exist.
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