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How to Take Advantage of moves in (ALRS)

Longer Term Trading Plans for ALRS
  • Buy ALRS near 19.66 target 21.74 stop loss @ 19.6 Details
  • The technical summary data tells us to buy ALRS near 19.66 with an upside target of 21.74. This data also tells us to set a stop loss @ 19.6 to protect against excessive loss in case the stock begins to move against the trade. 19.66 is the first level of support below 20.4 , and by rule, any test of support is a buy signal. In this case, support 19.66 would be being tested, so a buy signal would exist.

  • Short ALRS slightly under 21.74, target 19.66, stop loss @ 21.8 Details
  • The technical summary data is suggesting a short of ALRS as it gets near 21.74 with a downside target of 19.66. We should have a stop loss in place at 21.8though. 21.74 is the first level of resistance above 20.4, and by rule, any test of resistance is a short signal. In this case, if resistance 21.74 is being tested, so a short signal would exist.

Swing Trading Plans for ALRS
  • Buy ALRS slightly over 21.92, target 23.36, Stop Loss @ 21.86 Details
  • If 21.92 begins to break higher, the technical summary data tells us to buy ALRS just slightly over 21.92, with an upside target of 23.36. The data also tells us to set a stop loss @ 21.86 in case the stock turns against the trade. 21.92 is the first level of resistance above 20.4, and by rule, any break above resistance is a buy signal. In this case, 21.92, 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 ALRS slightly near 21.92, target 19.66, Stop Loss @ 21.98. Details
  • The technical summary data is suggesting a short of ALRS if it tests 21.92 with a downside target of 19.66. We should have a stop loss in place at 21.98 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, 21.92, 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 ALRS
  • Buy ALRS slightly over 21.04, target 21.92, Stop Loss @ 20.99 Details
  • If 21.04 begins to break higher, the technical summary data tells us to buy ALRS just slightly over 21.04, with an upside target of 21.92. The data also tells us to set a stop loss @ 20.99 in case the stock turns against the trade. 21.04 is the first level of resistance above 20.4, and by rule, any break above resistance is a buy signal. In this case, 21.04, 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 ALRS slightly near 21.04, target 19.66, Stop Loss @ 21.09. Details
  • The technical summary data is suggesting a short of ALRS if it tests 21.04 with a downside target of 19.66. We should have a stop loss in place at 21.09 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, 21.04, 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 Alerus Financial Corporation (ALRS) available here: ALRS.

ALRS Ratings for October 30:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 19.66
P2 21.04 21.92 21.74
P3 22.73 23.36 24.02
Triggers may have already come
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AI Generated Signals for ALRS

ALRS Long Term Analysis for October 30 2024

Blue = Current Price
Red= Resistance
Green = Support

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This Alerus Financial Corporation (NASDAQ: ALRS) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ALRS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ALRS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ALRS too.  All of these are offered below the Summary Table.