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 Diageo Plc (NYSE: DEO) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for DEO 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 DEO 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 DEO too. All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for DEO

• Buy DEO slightly over 136.72 target 145.27 stop loss @ 136.33
• Short DEO slightly under 145.27, target 136.72, stop loss @ 145.69

Swing Trading Plans for DEO

• Buy DEO slightly over 145.27, target n/a, Stop Loss @ 144.85
• Short DEO slightly near 145.27, target 141.07, Stop Loss @ 145.69.

Day Trading Plans for DEO

• Buy DEO slightly over 143.18, target 145.27, Stop Loss @ 142.85
• Short DEO slightly near 143.18, target 141.35, Stop Loss @ 143.51.

DEO Technical Summary | Raw Data for the Trading Plans

Term →	Near	Mid	Long
Bias	Strong	Neutral	Weak
P1	0	0	127.74
P2	141.35	137.58	136.72
P3	143.18	141.07	145.27

COMTEX_452169470/2570/2024-05-10T07:34:38