How the (HALO) price action is used to our Advantage
January 08, 2024, 17:34 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HALO
- Buy HALO slightly over 29.9 target 36.13 stop loss @ 29.81 Details
The technical summary data tells us to buy HALO near 29.9 with an upside target of 36.13. This data also tells us to set a stop loss @ 29.81 to protect against excessive loss in case the stock begins to move against the trade. 29.9 is the first level of support below 35.4 , and by rule, any test of support is a buy signal. In this case, support 29.9 would be being tested, so a buy signal would exist.
- Short HALO slightly under 36.13, target 29.9, stop loss @ 36.23 Details
The technical summary data is suggesting a short of HALO as it gets near 36.13 with a downside target of 29.9. We should have a stop loss in place at 36.23though. 36.13 is the first level of resistance above 35.4, and by rule, any test of resistance is a short signal. In this case, if resistance 36.13 is being tested, so a short signal would exist.
Swing Trading Plans for HALO
- Buy HALO slightly over 36.13, target 36.6, Stop Loss @ 36.03 Details
If 36.13 begins to break higher, the technical summary data tells us to buy HALO just slightly over 36.13, with an upside target of 36.6. The data also tells us to set a stop loss @ 36.03 in case the stock turns against the trade. 36.13 is the first level of resistance above 35.4, and by rule, any break above resistance is a buy signal. In this case, 36.13, 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 HALO slightly near 36.13, target 34.97, Stop Loss @ 36.23. Details
The technical summary data is suggesting a short of HALO if it tests 36.13 with a downside target of 34.97. We should have a stop loss in place at 36.23 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, 36.13, 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 HALO
- Buy HALO slightly over 36.13, target 36.6, Stop Loss @ 36.05 Details
If 36.13 begins to break higher, the technical summary data tells us to buy HALO just slightly over 36.13, with an upside target of 36.6. The data also tells us to set a stop loss @ 36.05 in case the stock turns against the trade. 36.13 is the first level of resistance above 35.4, and by rule, any break above resistance is a buy signal. In this case, 36.13, 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 HALO slightly near 36.13, target 34.97, Stop Loss @ 36.21. Details
The technical summary data is suggesting a short of HALO if it tests 36.13 with a downside target of 34.97. We should have a stop loss in place at 36.21 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, 36.13, 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 Halozyme Therapeutics Inc. (HALO) available here: HALO.
HALO Ratings for January 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
29.9 |
| P2 |
34.68 |
34.97 |
36.13 |
| P3 |
35.98 |
36.6 |
42.58 |
AI Generated Signals for HALO
Blue = Current Price
Red= Resistance
Green = Support
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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 Halozyme Therapeutics Inc. (NASDAQ: HALO) data table below can help you with price action, and we have more details too. Trading plans for HALO 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.
Fundamental Charts for HALO:
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