How the (ARGX) price action is used to our Advantage

January 27, 2024, 18:48 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ARGX

• NONE. Details

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.

• Short ARGX slightly under 407.81, target n/a, stop loss @ 408.99 Details

The technical summary data is suggesting a short of ARGX as it gets near 407.81, 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 408.99. 407.81 is the first level of resistance above 382.59, and by rule, any test of resistance is a short signal. In this case, if resistance 407.81 is being tested, so a short signal would exist.

Swing Trading Plans for ARGX

• Buy ARGX slightly over 407.81, target 475.65, Stop Loss @ 406.63 Details

If 407.81 begins to break higher, the technical summary data tells us to buy ARGX just slightly over 407.81, with an upside target of 475.65. The data also tells us to set a stop loss @ 406.63 in case the stock turns against the trade. 407.81 is the first level of resistance above 382.59, and by rule, any break above resistance is a buy signal. In this case, 407.81, 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 ARGX slightly near 407.81, target 369.73, Stop Loss @ 408.99. Details

The technical summary data is suggesting a short of ARGX if it tests 407.81 with a downside target of 369.73. We should have a stop loss in place at 408.99 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, 407.81, 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 ARGX

• Buy ARGX slightly over 407.81, target 475.65, Stop Loss @ 406.86 Details

If 407.81 begins to break higher, the technical summary data tells us to buy ARGX just slightly over 407.81, with an upside target of 475.65. The data also tells us to set a stop loss @ 406.86 in case the stock turns against the trade. 407.81 is the first level of resistance above 382.59, and by rule, any break above resistance is a buy signal. In this case, 407.81, 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 ARGX slightly near 407.81, target 379.41, Stop Loss @ 408.76. Details

The technical summary data is suggesting a short of ARGX if it tests 407.81 with a downside target of 379.41. We should have a stop loss in place at 408.76 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, 407.81, 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  Argenx Se (ARGX) available here: ARGX.

ARGX Ratings for January 27:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	407.81
P2	372.22	352.37	475.65
P3	379.41	369.73	545.03

AI Generated Signals for ARGX

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Argenx Se (NASDAQ: ARGX) data table below can help you with price action, and we have more details too. Trading plans for ARGX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.