pool adsHow to Trade Kirkland Lake Gold Ltd $KL With Risk Controls
Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with out market based analysis, the probabilities of going with the flow increases, and that is material over time. The Kirkland Lake Gold Ltd (NYSE: KL) report below can help you, but we have more details too. The trading plans for KL, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Weak | Strong |
| P1 | !INTRADAY | !INTRADAY | 39.91 |
| P2 | 48.46 | ||
| P3 | 0 | 55.89 |
Support and Resistance Plot Chart for KL
Long Term Trading Plans for KL
November 21, 2020, 3:30 am ET
The Technical Summary and Trading Plans for KL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this KL Report.
KL - (Long) Support Plan
The technical summary data tells us to buy KL near 39.91 with an upside target of 48.46. This data also tells us to set a stop loss @ 39.79 to protect against excessive loss in case the stock begins to move against the trade. 39.91 is the first level of support below 41.2 , and by rule, any test of support is a buy signal. In this case, support 39.91 would be being tested, so a buy signal would exist.
KL - (Short) Resistance Plan
The technical summary data is suggesting a short of KL as it gets near 48.46 with a downside target of 39.91. We should have a stop loss in place at 48.6 though. 48.46 is the first level of resistance above 41.2, and by rule, any test of resistance is a short signal. In this case, if resistance 48.46 is being tested, so a short signal would exist.
