How we can use the (ICHR) price action to our advantage

June 22, 2024, 9:44 AM ET, BY Chris – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for ICHR

• Buy ICHR just above 32.49 Target 38.45 Stop Loss @ 32.4 details

The technical summary data tells us to buy ICHR at 32.49 with an upside target of 38.45. This data also tells us to set a stop loss at 32.4 to protect ourselves from excessive losses in case the stock starts moving against the trade. 32.49 is the first support level below 36.62 and according to the rule, any test of support is a buy signal. In this case, the support at 32.49 would be tested, so a buy signal would be present.

• Short ICHR just below 38.45, target 32.49, stop loss at 38.56 details

The technical summary data suggests a short of ICHR as it approaches 38.45, with a downside target of 32.49. However, we should place a stop loss at 38.56. 38.45 is the first resistance level above 36.62, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 38.45 resistance is tested.

Swing Trading Plans for ICHR

• Buy ICHR just above 36.67, target 38.45, stop loss at 36.56 details

If 36.67 starts to rise, the technical summary data tells us to buy ICHR just above 36.67, with an upside target of 38.45. The data also tells us to set a stop loss at 36.56 in case the stock turns against the trade. 36.67 is the first resistance level above 36.62, and any break above resistance is usually a buy signal. In this case, 36.67, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short ICHR just near 36.67, target 32.49, stop loss at 36.78. details

The technical summary data suggests a short of ICHR if it tests 36.67 with a downside target of 32.49. However, we should place a stop loss at 36.78 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 36.67 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for ICHR

• Buy ICHR just above 36.67, target 37.24, stop loss at 36.58 details

If 36.67 starts to rise, the technical summary data tells us to buy ICHR just above 36.67, with an upside target of 37.24. The data also tells us to set a stop loss at 36.58 in case the stock turns against the trade. 36.67 is the first resistance level above 36.62, and any break above resistance is usually a buy signal. In this case, 36.67, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short ICHR just near 36.67, target 32.49, stop loss at 36.76. details

The technical summary data suggests a short of ICHR if it tests 36.67 with a downside target of 32.49. However, we should place a stop loss at 36.76 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 36.67 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Ichor Holdings (ICHR) available here: ICHR.

ICHR assessments for June 22:

AI-generated signals for ICHR

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ichor Holdings The data table (NASDAQ:ICHR) below can help you with the price action and we also have more details. Trading plans for ICHR are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.