CWB - Timing Trades in Spdr Barclays Capital Converti can be Risky if you Don't Have Discipline
Trading Spdr Barclays Capital Converti (NYSE: CWB) or any other stock for that matter requires a degree of disciple that not every investor has. Even those that have discipline often fail to adhere to those disciplines sometimes, and this can cause problems, but hopefully the guides below will help investors see exactly how to stick to it. The data we offer below for CWB has been compiled in such as way as to demonstrate how to do this using a real-time example. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Weak | |||
| Neutral | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 86.27 | |||
| P2 | |||
| 82.37 | |||
| 82.90 | |||
| 90.69 | |||
| P3 | |||
| 83.72 | |||
| 85.27 | |||
| 94.69 |
Long Term Trading Plans for CWB
March 25, 2021, 7:15 am ET
The Technical Summary and Trading Plans for CWB help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CWB Report.
CWB - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
CWB - (Short) Resistance Plan
The technical summary data is suggesting a short of CWB as it gets near 86.27, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 86.52. 86.27 is the first level of resistance above 81.48, and by rule, any test of resistance is a short signal. In this case, if resistance 86.27 is being tested, so a short signal would exist.