Learn to Evaluate (MLAB) using the Charts
November 24, 2024, 11:46 am ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MLAB
- Buy MLAB near 104.98 target 122.36 stop loss @ 104.68 Details
The technical summary data tells us to buy MLAB near 104.98 with an upside target of 122.36. This data also tells us to set a stop loss @ 104.68 to protect against excessive loss in case the stock begins to move against the trade. 104.98 is the first level of support below 109.09 , and by rule, any test of support is a buy signal. In this case, support 104.98 would be being tested, so a buy signal would exist.
- Short MLAB slightly under 122.36, target 104.98, stop loss @ 122.71 Details
The technical summary data is suggesting a short of MLAB as it gets near 122.36 with a downside target of 104.98. We should have a stop loss in place at 122.71though. 122.36 is the first level of resistance above 109.09, and by rule, any test of resistance is a short signal. In this case, if resistance 122.36 is being tested, so a short signal would exist.
Swing Trading Plans for MLAB
- Buy MLAB slightly over 122.36, target 139.74, Stop Loss @ 122.01 Details
If 122.36 begins to break higher, the technical summary data tells us to buy MLAB just slightly over 122.36, with an upside target of 139.74. The data also tells us to set a stop loss @ 122.01 in case the stock turns against the trade. 122.36 is the first level of resistance above 109.09, and by rule, any break above resistance is a buy signal. In this case, 122.36, 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 MLAB slightly near 122.36, target 104.98, Stop Loss @ 122.71. Details
The technical summary data is suggesting a short of MLAB if it tests 122.36 with a downside target of 104.98. We should have a stop loss in place at 122.71 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, 122.36, 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 MLAB
- Buy MLAB slightly over 122.36, target 139.74, Stop Loss @ 122.07 Details
If 122.36 begins to break higher, the technical summary data tells us to buy MLAB just slightly over 122.36, with an upside target of 139.74. The data also tells us to set a stop loss @ 122.07 in case the stock turns against the trade. 122.36 is the first level of resistance above 109.09, and by rule, any break above resistance is a buy signal. In this case, 122.36, 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 MLAB slightly near 122.36, target 106.71, Stop Loss @ 122.65. Details
The technical summary data is suggesting a short of MLAB if it tests 122.36 with a downside target of 106.71. We should have a stop loss in place at 122.65 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, 122.36, 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 Mesa Laboratories Inc. (MLAB) available here: MLAB.
MLAB Ratings for November 24:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
104.98 |
| P2 |
101.44 |
92.8 |
122.36 |
| P3 |
106.71 |
101.54 |
139.74 |
AI Generated Signals for MLAB
Blue = Current Price
Red= Resistance
Green = Support
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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 Mesa Laboratories Inc. (NASDAQ: MLAB) report below can help you understand how to do this. The trading plans for MLAB, 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.
Fundamental Charts for MLAB:
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