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When the Price of (LITE) Talks, People Listen

Longer Term Trading Plans for LITE
  • Buy LITE slightly over 41.39 target 48.16 stop loss @ 41.27 Details
  • The technical summary data tells us to buy LITE near 41.39 with an upside target of 48.16. This data also tells us to set a stop loss @ 41.27 to protect against excessive loss in case the stock begins to move against the trade. 41.39 is the first level of support below 47.5 , and by rule, any test of support is a buy signal. In this case, support 41.39 would be being tested, so a buy signal would exist.

  • Short LITE slightly under 48.16, target 41.39, stop loss @ 48.3 Details
  • The technical summary data is suggesting a short of LITE as it gets near 48.16 with a downside target of 41.39. We should have a stop loss in place at 48.3though. 48.16 is the first level of resistance above 47.5, and by rule, any test of resistance is a short signal. In this case, if resistance 48.16 is being tested, so a short signal would exist.

Swing Trading Plans for LITE
  • Buy LITE slightly over 48.16, target 51, Stop Loss @ 48.02 Details
  • If 48.16 begins to break higher, the technical summary data tells us to buy LITE just slightly over 48.16, with an upside target of 51. The data also tells us to set a stop loss @ 48.02 in case the stock turns against the trade. 48.16 is the first level of resistance above 47.5, and by rule, any break above resistance is a buy signal. In this case, 48.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LITE slightly near 48.16, target 47.13, Stop Loss @ 48.3. Details
  • The technical summary data is suggesting a short of LITE if it tests 48.16 with a downside target of 47.13. We should have a stop loss in place at 48.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 48.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LITE
  • Buy LITE slightly over 48.16, target 51, Stop Loss @ 48.05 Details
  • If 48.16 begins to break higher, the technical summary data tells us to buy LITE just slightly over 48.16, with an upside target of 51. The data also tells us to set a stop loss @ 48.05 in case the stock turns against the trade. 48.16 is the first level of resistance above 47.5, and by rule, any break above resistance is a buy signal. In this case, 48.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LITE slightly near 48.16, target 47.23, Stop Loss @ 48.27. Details
  • The technical summary data is suggesting a short of LITE if it tests 48.16 with a downside target of 47.23. We should have a stop loss in place at 48.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 48.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Real Time Updates are available on our Lumentum Holdings Inc. (LITE) Page here: LITE.

LITE Ratings for April 03:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 41.39
P2 45.84 47.13 48.16
P3 47.23 51 55.42
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Support and Resistance Plot Chart for LITE

LITE Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Lumentum Holdings Inc. (NASDAQ: LITE) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LITE can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports