How the (KTB) price action is used to our Advantage
August 25, 2024, 08:22 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KTB
- Buy KTB slightly over 72.28 target 78.18 stop loss @ 72.07 Details
The technical summary data tells us to buy KTB near 72.28 with an upside target of 78.18. This data also tells us to set a stop loss @ 72.07 to protect against excessive loss in case the stock begins to move against the trade. 72.28 is the first level of support below 73.62 , and by rule, any test of support is a buy signal. In this case, support 72.28 is being tested, a buy signal would exist.
- Short KTB slightly under 78.18, target 72.28, stop loss @ 78.41 Details
The technical summary data is suggesting a short of KTB as it gets near 78.18 with a downside target of 72.28. We should have a stop loss in place at 78.41though. 78.18 is the first level of resistance above 73.62, and by rule, any test of resistance is a short signal. In this case, if resistance 78.18 is being tested, a short signal would exist.
Swing Trading Plans for KTB
- Buy KTB slightly over 78.18, target n/a, Stop Loss @ 77.95 Details
If 78.18 begins to break higher, the technical summary data tells us to buy KTB just slightly over 78.18, with an upside target of n/a. The data also tells us to set a stop loss @ 77.95 in case the stock turns against the trade. 78.18 is the first level of resistance above 73.62, and by rule, any break above resistance is a buy signal. In this case, 78.18, 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 KTB slightly near 78.18, target 73.36, Stop Loss @ 78.41. Details
The technical summary data is suggesting a short of KTB if it tests 78.18 with a downside target of 73.36. We should have a stop loss in place at 78.41 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, 78.18, 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 KTB
- Buy KTB slightly over 78.18, target n/a, Stop Loss @ 78 Details
If 78.18 begins to break higher, the technical summary data tells us to buy KTB just slightly over 78.18, with an upside target of n/a. The data also tells us to set a stop loss @ 78 in case the stock turns against the trade. 78.18 is the first level of resistance above 73.62, and by rule, any break above resistance is a buy signal. In this case, 78.18, 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 KTB slightly near 78.18, target 73.36, Stop Loss @ 78.36. Details
The technical summary data is suggesting a short of KTB if it tests 78.18 with a downside target of 73.36. We should have a stop loss in place at 78.36 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, 78.18, 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 Kontoor Brands Inc. (KTB) available here: KTB.
KTB Ratings for August 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
66.08 |
| P2 |
71.78 |
71.66 |
72.28 |
| P3 |
73.2 |
73.36 |
78.18 |
AI Generated Signals for KTB
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 Kontoor Brands Inc. (NYSE: KTB) data table below can help you with price action, and we have more details too. Trading plans for KTB 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 KTB:
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