Objective Long/Short Report (TJX).

November 30, 2024, 7:16 PM ET, BY Tom S. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for TJX

• Buy TJX near 120.4 and target a stop loss of 126.06 at 120.05 Details

The technical summary data tells us to buy TJX at around 120.4, with an upside target of 126.06. This data also tells us to set a stop loss at 120.05 to protect ourselves from excessive losses in case the stock starts moving against the trade. 120.4 is the first level of support below 125.69 and basically any test of support is a buy signal. In this case the support 120.4 is tested, a buy signal would be present.

• Short TJX just below 126.06, target 120.4, stop loss at 126.42 Details

Technical summary data suggests a short position on TJX as it approaches 126.06 with a downside target of 120.4. However, we should have a stop loss at 126.42. 126.06 is the first resistance level above 125.69, and by rule any test of resistance is a short signal. In this case, if resistance 126.06 is tested, there is a short circuit signal.

Swing trading plans for TJX

• Buy TJX just above 126.06, target 127.35, stop loss at 125.7 Details

If 126.06 starts to break higher, the technical summary data tells us to buy TJX just above 126.06 with an upside target of 127.35. The data also tells us to set a stop loss at 125.7 in case the stock turns against the trade. 126.06 is the first resistance level above 125.69 and basically any break above resistance is a buy signal. In this case, 126.06, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short TJX slightly near 126.06, target 122.98, stop loss at 126.42. Details

Technical summary data suggests shorting TJX if it tests 126.06, with a downside target of 122.98. However, we should have a stop loss at 126.42 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 126.06 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for TJX

• Buy TJX just above 126.06, target 127.35, stop loss at 125.77 Details

If 126.06 starts to break higher, the technical summary data tells us to buy TJX just above 126.06 with an upside target of 127.35. The data also tells us to set a stop loss at 125.77 in case the stock turns against the trade. 126.06 is the first resistance level above 125.69 and basically any break above resistance is a buy signal. In this case, 126.06, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short TJX slightly near 126.06, target 122.98, stop loss at 126.35. Details

Technical summary data suggests shorting TJX if it tests 126.06, with a downside target of 122.98. However, we should have a stop loss at 126.35 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 126.06 is tested, a short signal would be present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Tjx Companies Inc. (the) (TJX) available here: TJX.

TJX Ratings for November 30th:

AI generated signals for TJX

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This report was generated using AI developed by Stock Traders Daily. Over the past 20 years, this proprietary AI has been refined to help identify the most advantageous trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The aim of this particular report is to optimize trading Tjx Companies Inc. (the) (NYSE: TJX) incorporating prudent risk controls.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for TJX change over time, so the report should be updated regularly. 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 the rules of technical analysis. For example, when TJX tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for TJX. All of this is offered below the overview table.