Learn to Evaluate (ALG) using the Charts
January 06, 2024, 00:12 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ALG
- Buy ALG slightly over 189.99 target 205.02 stop loss @ 189.44 Details
The technical summary data tells us to buy ALG near 189.99 with an upside target of 205.02. This data also tells us to set a stop loss @ 189.44 to protect against excessive loss in case the stock begins to move against the trade. 189.99 is the first level of support below 200.38 , and by rule, any test of support is a buy signal. In this case, support 189.99 is being tested, a buy signal would exist.
- Short ALG slightly under 205.02, target 189.99, stop loss @ 205.61 Details
The technical summary data is suggesting a short of ALG as it gets near 205.02 with a downside target of 189.99. We should have a stop loss in place at 205.61though. 205.02 is the first level of resistance above 200.38, and by rule, any test of resistance is a short signal. In this case, if resistance 205.02 is being tested, a short signal would exist.
Swing Trading Plans for ALG
- Buy ALG slightly over 202.54, target 205.02, Stop Loss @ 201.96 Details
If 202.54 begins to break higher, the technical summary data tells us to buy ALG just slightly over 202.54, with an upside target of 205.02. The data also tells us to set a stop loss @ 201.96 in case the stock turns against the trade. 202.54 is the first level of resistance above 200.38, and by rule, any break above resistance is a buy signal. In this case, 202.54, 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 ALG slightly near 202.54, target 189.99, Stop Loss @ 203.12. Details
The technical summary data is suggesting a short of ALG if it tests 202.54 with a downside target of 189.99. We should have a stop loss in place at 203.12 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, 202.54, 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 ALG
- Buy ALG slightly over 201.27, target 202.54, Stop Loss @ 200.8 Details
If 201.27 begins to break higher, the technical summary data tells us to buy ALG just slightly over 201.27, with an upside target of 202.54. The data also tells us to set a stop loss @ 200.8 in case the stock turns against the trade. 201.27 is the first level of resistance above 200.38, and by rule, any break above resistance is a buy signal. In this case, 201.27, 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 ALG slightly near 201.27, target 198.8, Stop Loss @ 201.74. Details
The technical summary data is suggesting a short of ALG if it tests 201.27 with a downside target of 198.8. We should have a stop loss in place at 201.74 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, 201.27, 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 Alamo Group Inc. (ALG) available here: ALG.
ALG Ratings for January 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
175.03 |
| P2 |
198.8 |
202.54 |
189.99 |
| P3 |
201.27 |
211.77 |
205.02 |
AI Generated Signals for ALG
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 Alamo Group Inc. (NYSE: ALG) report below can help you understand how to do this. The trading plans for ALG, 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 ALG:
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