Stock Analysis: Best stock to swing trade this week 2024 – ASGN Incorporated (ASGN).
Trade Details: Monday, August 5, 2024, ASGN Incorporated (ASGN) stock price closed at 85.57. According to the monthly time frame, ASGN is trading in a strong bullish trend. However, the weekly time frame shows the price attempting to retrace to the monthly demand zone. The daily time frame also indicates a break in structure, suggesting a counter-trend sell on the chart. Currently, the price is testing the weekly supply zone, and we expect it to drop in the coming weeks.
Note: If the price breaks and closes above 106, this bearish setup is invalid.
Sell Swing Trade Idea:-
Sell Entry Range: 90-98
Stop Loss: 106
Target 1: 70
Target 2: 50
Note: Always remember: risk no more than 1% per trade.” Keep trailing your stop loss to secure bigger profits.
Please note this is only an opinion and not financial advice.
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