Trading (CATH) With Integrated Risk Controls

July 30, 2024, 10:46 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CATH

• Buy CATH slightly over 64.27 target 66.51 stop loss @ 64.08 Details

The technical summary data tells us to buy CATH near 64.27 with an upside target of 66.51. This data also tells us to set a stop loss @ 64.08 to protect against excessive loss in case the stock begins to move against the trade. 64.27 is the first level of support below 65.57 , and by rule, any test of support is a buy signal. In this case, support 64.27 would be being tested, so a buy signal would exist.

• Short CATH slightly under 66.51, target 64.27, stop loss @ 66.7 Details

The technical summary data is suggesting a short of CATH as it gets near 66.51 with a downside target of 64.27. We should have a stop loss in place at 66.7though. 66.51 is the first level of resistance above 65.57, and by rule, any test of resistance is a short signal. In this case, if resistance 66.51 is being tested, so a short signal would exist.

Swing Trading Plans for CATH

• Buy CATH slightly over 66.51, target 68.59, Stop Loss @ 66.32 Details

If 66.51 begins to break higher, the technical summary data tells us to buy CATH just slightly over 66.51, with an upside target of 68.59. The data also tells us to set a stop loss @ 66.32 in case the stock turns against the trade. 66.51 is the first level of resistance above 65.57, and by rule, any break above resistance is a buy signal. In this case, 66.51, 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 CATH slightly near 66.51, target 65.57, Stop Loss @ 66.7. Details

The technical summary data is suggesting a short of CATH if it tests 66.51 with a downside target of 65.57. We should have a stop loss in place at 66.7 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, 66.51, 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 CATH

• Buy CATH slightly over 66.51, target 68.59, Stop Loss @ 66.35 Details

If 66.51 begins to break higher, the technical summary data tells us to buy CATH just slightly over 66.51, with an upside target of 68.59. The data also tells us to set a stop loss @ 66.35 in case the stock turns against the trade. 66.51 is the first level of resistance above 65.57, and by rule, any break above resistance is a buy signal. In this case, 66.51, 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 CATH slightly near 66.51, target 65.57, Stop Loss @ 66.67. Details

The technical summary data is suggesting a short of CATH if it tests 66.51 with a downside target of 65.57. We should have a stop loss in place at 66.67 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, 66.51, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Global X Fds (CATH) available here: CATH.

CATH Ratings for July 30:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	64.27
P2	64.53	64.71	66.51
P3	65.49	65.57	68.59

AI Generated Signals for CATH

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