pool adsComprehensive non-correlated Pdl Biopharma $PDLI Trading Report
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 Pdl Biopharma (NASDAQ: PDLI) report below can help you, but we have more details too. The trading plans for PDLI, 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 | Weak |
| P1 | 0 | 0 | 2.50 |
| P2 | 2.14 | 2.19 | 2.93 |
| P3 | 0 | 3.39 |
Support and Resistance Plot Chart for PDLI
Long Term Trading Plans for PDLI
November 3, 2020, 1:30 am ET
The Technical Summary and Trading Plans for PDLI 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 PDLI Report.
PDLI - (Long) Support Plan
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
PDLI - (Short) Resistance Plan
The technical summary data is suggesting a short of PDLI as it gets near 2.50, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 2.51. 2.50 is the first level of resistance above 2.145, and by rule, any test of resistance is a short signal. In this case, if resistance 2.50 is being tested, so a short signal would exist.
