Learn to Evaluate Harmonic (HLIT) using the Charts
September 20, 2021, 11:30 am ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Harmonic (NASDAQ: HLIT) report below can help you understand how to do this. The trading plans for HLIT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Longer Term Trading Plans for HLIT
- Buy HLIT slightly over 8.19 target 9.06 stop loss @ 8.17 Details
The technical summary data tells us to buy HLIT near 8.19 with an upside target of 9.06. This data also tells us to set a stop loss @ 8.17 to protect against excessive loss in case the stock begins to move against the trade. 8.19 is the first level of support below 8.805 , and by rule, any test of support is a buy signal. In this case, support 8.19 would be being tested, so a buy signal would exist.
- Short HLIT under 9.06, target 8.19, stop loss @ 9.09 Details
The technical summary data is suggesting a short of HLIT as it gets near 9.06 with a downside target of 8.19. We should have a stop loss in place at 9.09though. 9.06 is the first level of resistance above 8.805, and by rule, any test of resistance is a short signal. In this case, if resistance 9.06 is being tested, so a short signal would exist.
Swing Trading Plans for HLIT
- Buy HLIT slightly over 9.06, target 9.99, Stop Loss @ 9.03 Details
If 9.06 begins to break higher, the technical summary data tells us to buy HLIT just slightly over 9.06, with an upside target of 9.99. The data also tells us to set a stop loss @ 9.03 in case the stock turns against the trade. 9.06 is the first level of resistance above 8.805, and by rule, any break above resistance is a buy signal. In this case, 9.06, 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 HLIT near 9.06, target 8.74, Stop Loss @ 9.09. Details
The technical summary data is suggesting a short of HLIT if it tests 9.06 with a downside target of 8.74. We should have a stop loss in place at 9.09 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, 9.06, 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 HLIT
- Buy HLIT slightly over 8.84, target 9.10, Stop Loss @ 8.82 Details
If 8.84 begins to break higher, the technical summary data tells us to buy HLIT just slightly over 8.84, with an upside target of 9.10. The data also tells us to set a stop loss @ 8.82 in case the stock turns against the trade. 8.84 is the first level of resistance above 8.805, and by rule, any break above resistance is a buy signal. In this case, 8.84, 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 HLIT near 8.84, target 8.19, Stop Loss @ 8.86. Details
The technical summary data is suggesting a short of HLIT if it tests 8.84 with a downside target of 8.19. We should have a stop loss in place at 8.86 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, 8.84, 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.
HLIT Ratings for September 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Strong |
| P1 |
0 |
0 |
8.19 |
| P2 |
8.84 |
8.74 |
9.06 |
| P3 |
9.10 |
9.05 |
9.99 |
⚠Triggers may have already come
Support and Resistance Plot Chart for HLIT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for HLIT:
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