Trading Cassava Sciences Inc $SAVA With Integrated Risk Controls

Longer Term Trading Plans for SAVA
  • Buy SAVA slightly over 20.32 target 30.48 stop loss @ 20.26 Details
  • The technical summary data tells us to buy SAVA near 20.32 with an upside target of 30.48. This data also tells us to set a stop loss @ 20.26 to protect against excessive loss in case the stock begins to move against the trade. 20.32 is the first level of support below 26.3 , and by rule, any test of support is a buy signal. In this case, support 20.32 would be being tested, so a buy signal would exist.

  • Short SAVA slightly under 30.48, target 20.32, stop loss @ 30.57 Details
  • The technical summary data is suggesting a short of SAVA as it gets near 30.48 with a downside target of 20.32. We should have a stop loss in place at 30.57though. 30.48 is the first level of resistance above 26.3, and by rule, any test of resistance is a short signal. In this case, if resistance 30.48 is being tested, so a short signal would exist.

Swing Trading Plans for SAVA
  • Buy SAVA slightly over 26.74, target 30.48, Stop Loss @ 26.66 Details
  • If 26.74 begins to break higher, the technical summary data tells us to buy SAVA just slightly over 26.74, with an upside target of 30.48. The data also tells us to set a stop loss @ 26.66 in case the stock turns against the trade. 26.74 is the first level of resistance above 26.3, and by rule, any break above resistance is a buy signal. In this case, 26.74, 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 SAVA slightly near 26.74, target 25.04, Stop Loss @ 26.82. Details
  • The technical summary data is suggesting a short of SAVA if it tests 26.74 with a downside target of 25.04. We should have a stop loss in place at 26.82 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, 26.74, 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 SAVA
  • Buy SAVA slightly over 26.74, target 30.48, Stop Loss @ 26.68 Details
  • If 26.74 begins to break higher, the technical summary data tells us to buy SAVA just slightly over 26.74, with an upside target of 30.48. The data also tells us to set a stop loss @ 26.68 in case the stock turns against the trade. 26.74 is the first level of resistance above 26.3, and by rule, any break above resistance is a buy signal. In this case, 26.74, 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 SAVA slightly near 26.74, target 25.87, Stop Loss @ 26.8. Details
  • The technical summary data is suggesting a short of SAVA if it tests 26.74 with a downside target of 25.87. We should have a stop loss in place at 26.8 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, 26.74, 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.

SAVA Ratings for March 21:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 20.32
P2 25.87 25.04 30.48
P3 26.74 26.74 42.38
Triggers may have already come
Chart of SAVA with Longer Term Pivots

SAVA Long Term Analysis for March 21 2023

Blue = Current Price
Red= Resistance
Green = Support

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Cassava Sciences Inc (NASDAQ: SAVA) report below can help you, but we have more details too. The trading plans for SAVA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.