J&j Snack Foods $JJSF Technical Update – Stock Traders Daily

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J&j Snack Foods $JJSF Technical Update

The J&j Snack Foods (NASDAQ: JJSF) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for JJSF, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Weak Neutral Neutral
P1 149.73 147.72 140.47
P2 151.17 156.94 152.52
P3 153.68 166.51 164.54

Long Term Trading Plans for JJSF

March 17, 2019, 2:30 am ET

The Technical Summary and Trading Plans for JJSF 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 JJSF Report.

JJSF – (Long) Support Plan

The technical summary data tells us to buy JJSF near 140.47 with an upside target of 152.52. This data also tells us to set a stop loss @ 140.21 to protect against excessive loss in case the stock begins to move against the trade. 140.47 is the first level of support below 151.64 , and by rule, any test of support is a buy signal. In this case, support 140.47 would be being tested, so a buy signal would exist.

JJSF – (Short) Resistance Plan

The technical summary data is suggesting a short of JJSF as it gets near 152.52 with a downside target of 140.47. We should have a stop loss in place at 152.78 though. 152.52 is the first level of resistance above 151.64, and by rule, any test of resistance is a short signal. In this case, if resistance 152.52 is being tested, so a short signal would exist.

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