Transaction method (PETS)

January 21, 2024, 7:26am ET, John Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

PETS long term trading plan

• Buy PETS at 7.83 stop loss @6.61, just above target price of 6.63 detail

The technical summary data shows us buying PETS around 6.63 with an upside price objective of 7.83. This data also shows that the stop loss should be set at 6.61 to prevent excessive losses if the stock starts to move against the trade. 6.63 is the first support level below 6.74, and as a general rule, a test of support is a buy signal. In this case, support 6.63 has been tested and a buy signal exists.

• Short PETS under 7.83, target 6.63, stop loss @ 7.85 detail

Technical summary data suggests a short as PETS approaches 7.83 against a downside target of 6.63. However, the stop loss should be set at 7.85. 7.83 is the first resistance level above 6.74 and by rule, a test of resistance is a short signal. In this case, if resistance 7.83 is tested, a short signal is present.

PETS swing trading plan

• Buy PETS at just above 6.8, target 7.08, stop loss @6.78 detail

If we start to break above 6.8, we should buy PETS just above 6.8 with an upside target of 7.08, according to the technical summary data. The data also tells us to set a stop loss at 6.78 in case the stock trades against us. 6.8 is the first resistance level above 6.74, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 6.8 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short PETS is slightly closer to 6.8, target is 5.45 and stop loss is 6.82. detail

Technical summary data suggests a short on PETS if it tests 6.8 with a downside target of 5.45. However, you should set a stop loss at 6.82 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, when testing resistor 6.8, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

PETS day trading plan

• Buy PETS at just above 7.08, target 7.83, stop loss @7.06 detail

If it starts to break above 7.08, the technical summary data suggests we should buy PETS just above 7.08, with an upside target of 7.83. The data also tells us to set a stop loss at 7.06 in case the stock trades against us. 7.08 is the first resistance level above 6.74, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 7.08 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short PETS is slightly closer to 7.08, target is 5.45 and stop loss is 7.1. detail

Technical summary data suggests a short on PETS if it tests 7.08 with a downside target of 5.45. However, you should set a stop loss at 7.1 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, if you test resistance 7.08, a short signal will be present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

Real-time updates are available at: Pet Med Express Co., Ltd. (Pets) Click here for the page: pet.

PETS Ratings for January 21st:

PETS Support and Resistance Plot Chart

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This report provides the following trading strategies: Pet Med Express Co., Ltd. (NASDAQ: PETS) while incorporating risk management.

caveat:

This is a static report and the data below is valid at the time of publication, however the report should be updated regularly as PETS support and resistance levels change over time. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are technical analysis rules. For example, if PETS is testing a support buy signal, resistance will be the target. Conversely, if resistance is being tested, it is a sign to control risk or short, and support will be a downside target accordingly. In either case, the trigger point is designed to be an ideal place to enter a position (avoiding trading in the middle of a trading channel) and also serves as a level of risk control. Masu.

Swing trading, day trading, and long-term trading plans:

This data is refined to distinguish between day trading, swing trading trading plans, and PETS long-term investment plans. All of these are displayed below the summary table.