INGERSOLL RAND | TECHNICAL SWING TRADE

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INGERSOLL RAND | TECHNICAL SWING TRADEIngram Micro Holding CorporationBATS:INGMshortermtrader๐Ÿ“Š TRADE SETUP: ๐Ÿ”ท ENTRY: $21.90 ๐Ÿ”ด STOP LOSS: $19.67 ๐ŸŸข TAKE PROFIT: $26.42 โš–๏ธ RISK/REWARD: 1:2.03 ๐Ÿ’ฐ RISK PER TRADE: 1-2% ๐Ÿ“ˆ TECHNICAL ANALYSIS: โœ… BULLISH CONFLUENCE: Daily Trend: Strong Uptrend RSI: 60.10 (Healthy Bullish) MACD: Positive & Expanding Price Action: Above all key SMAs Connors RSI2: BUY Signal (Oct 7) ๐ŸŽฏ KEY LEVELS: Support: $20.80 (Recent Swing Low) Resistance: $26.40 (Previous High) Volume: Confirming upward move ๐Ÿ’ก TRADE RATIONALE: FUNDAMENTAL CATALYSTS: Industrial sector strength Consistent revenue growth (+12% TTM) Strong EBITDA margins (24.1%) Market leadership in compressors TECHNICAL MOMENTUM: Recent breakout above consolidation Connors RSI2 confirms short-term momentum Low volatility setup favorable for swing trade โšก TRADE MANAGEMENT: POSITION SIZING: Risk: 1-2% of portfolio per trade Position Size: Calculate based on $0.23 risk per share Hold Time: 4-10 days EXIT STRATEGY: Scale out 50% at $24.20 (first target) Trail stop on remaining position Close full position if Connors signal reverses ๐Ÿ“ฑ ALERTS SETUP: Alert set at $21.90 for entry confirmation Monitor for volume confirmation on breakout Watch RSI for overbought conditions above 70 ๐ŸŽฒ PROBABILITY ASSESSMENT: Technical Score: 8/10 Fundamental Score: 7/10 Momentum Score: 9/10 Overall Confidence: HIGH โš ๏ธ RISK DISCLAIMER: This is not financial advice. Trade at your own risk. Only risk capital you can afford to lose. DYOR (Do Your Own Research) before entering any trade. Past performance is not indicative of future results. Monitor position daily and adjust stops as needed. ๐Ÿ”” Follow for more swing trade setups! ๐Ÿ‘ Like if you find this analysis helpful! ๐Ÿ’ฌ Comment your thoughts below! #INGM #SwingTrading #TechnicalAnalysis #Stocks #TradingSetup #Investing #ConnorsRSI #RiskManagement