2024-04-05 06:20:00 ET
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Texas Pacific Land Corporation (NYSE: TPL) with integrated risk controls.
Warning:
The trading plans were valid at the time this was published, but the support and resistance levels for TPL change as time passes, and this should be updated in real time. Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports
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Instructions:
Use the basic rules of Technical Analysis. Here are some examples: if TPL is testing support the signal is to buy and target resistance. On the other hand, if resistance is tested, that is a sign to short, and target support. No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.
Swing Trades, Day Trades, and Longer term Trading Plans:
This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for TPL too. All of these are offered here: Access our Real Time Trading Plans
Longer Term Trading Plans for TPL
- Buy TPL slightly over 557.54 target 636.45 stop loss @ 555.93
- Short TPL slightly under 636.45, target 557.54, stop loss @ 638.29
Swing Trading Plans for TPL
- Buy TPL slightly over 636.45, target n/a, Stop Loss @ 634.61
- Short TPL slightly near 636.45, target 593.03, Stop Loss @ 638.29.
Day Trading Plans for TPL
- Buy TPL slightly over 597.26, target 636.45, Stop Loss @ 595.87
- Short TPL slightly near 597.26, target 593.03, Stop Loss @ 598.65.
TPL Technical Summary | Raw Data for the Trading Plans
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Strong | Neutral |
P1 | 0 | 0 | 483.08 |
P2 | 583.72 | 578.24 | 557.54 |
P3 | 597.26 | 593.03 | 636.45 |