(TZOO) Proactive Strategies (2024)

April 05, 2024, 09:10 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TZOO

• Buy TZOO slightly over 9.25 target 11.08 stop loss @ 9.22 Details

The technical summary data tells us to buy TZOO near 9.25 with an upside target of 11.08. This data also tells us to set a stop loss @ 9.22 to protect against excessive loss in case the stock begins to move against the trade. 9.25 is the first level of support below 9.84 , and by rule, any test of support is a buy signal. In this case, support 9.25 is being tested, a buy signal would exist.

• Short TZOO slightly under 11.08, target 9.25, stop loss @ 11.11 Details

The technical summary data is suggesting a short of TZOO as it gets near 11.08 with a downside target of 9.25. We should have a stop loss in place at 11.11though. 11.08 is the first level of resistance above 9.84, and by rule, any test of resistance is a short signal. In this case, if resistance 11.08 is being tested, a short signal would exist.

Swing Trading Plans for TZOO

• Buy TZOO slightly over 10.47, target 11.08, Stop Loss @ 10.44 Details

If 10.47 begins to break higher, the technical summary data tells us to buy TZOO just slightly over 10.47, with an upside target of 11.08. The data also tells us to set a stop loss @ 10.44 in case the stock turns against the trade. 10.47 is the first level of resistance above 9.84, and by rule, any break above resistance is a buy signal. In this case, 10.47, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TZOO slightly near 10.47, target 9.74, Stop Loss @ 10.5. Details

The technical summary data is suggesting a short of TZOO if it tests 10.47 with a downside target of 9.74. We should have a stop loss in place at 10.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.47, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TZOO

• Buy TZOO slightly over 10.07, target 10.47, Stop Loss @ 10.05 Details

If 10.07 begins to break higher, the technical summary data tells us to buy TZOO just slightly over 10.07, with an upside target of 10.47. The data also tells us to set a stop loss @ 10.05 in case the stock turns against the trade. 10.07 is the first level of resistance above 9.84, and by rule, any break above resistance is a buy signal. In this case, 10.07, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short TZOO slightly near 10.07, target 9.74, Stop Loss @ 10.09. Details

The technical summary data is suggesting a short of TZOO if it tests 10.07 with a downside target of 9.74. We should have a stop loss in place at 10.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.07, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

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TZOO Ratings for April 05:

Support and Resistance Plot Chart for TZOO

Blue = Current Price
Red= Resistance
Green = Support

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Don't over think it! TradingTravelzoo(NASDAQ: TZOO) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions. This should be an integral part of the investment process.

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