Learn to Evaluate (CATY) using the Charts

January 01, 2025, 21:08 pm ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CATY

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Swing Trading Plans for CATY

• Buy CATY slightly over 47.95, target 52.68, Stop Loss @ 47.81 Details

If 47.95 begins to break higher, the technical summary data tells us to buy CATY just slightly over 47.95, with an upside target of 52.68. The data also tells us to set a stop loss @ 47.81 in case the stock turns against the trade. 47.95 is the first level of resistance above 47.61, and by rule, any break above resistance is a buy signal. In this case, 47.95, 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 CATY slightly near 47.95, target 47.61, Stop Loss @ 48.09. Details

The technical summary data is suggesting a short of CATY if it tests 47.95 with a downside target of 47.61. We should have a stop loss in place at 48.09 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, 47.95, 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 CATY

• Buy CATY slightly over 47.95, target 48.26, Stop Loss @ 47.84 Details

If 47.95 begins to break higher, the technical summary data tells us to buy CATY just slightly over 47.95, with an upside target of 48.26. The data also tells us to set a stop loss @ 47.84 in case the stock turns against the trade. 47.95 is the first level of resistance above 47.61, and by rule, any break above resistance is a buy signal. In this case, 47.95, 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 CATY slightly near 47.95, target 47.61, Stop Loss @ 48.06. Details

The technical summary data is suggesting a short of CATY if it tests 47.95 with a downside target of 47.61. We should have a stop loss in place at 48.06 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, 47.95, 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  Cathay General Bancorp (CATY) available here: CATY.

CATY Ratings for January 01:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	42.83
P2	47.59	45.98	47.61
P3	48.26	47.95	52.68

AI Generated Signals for CATY

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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  Cathay General Bancorp (NASDAQ: CATY) report below can help you understand how to do this. The trading plans for CATY, 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.