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When (ONTO) Moves Investors should Listen

Longer Term Trading Plans for ONTO
  • Buy ONTO slightly over 177.89 target 194.73 stop loss @ 177.38 Details
  • The technical summary data tells us to buy ONTO near 177.89 with an upside target of 194.73. This data also tells us to set a stop loss @ 177.38 to protect against excessive loss in case the stock begins to move against the trade. 177.89 is the first level of support below 189.72 , and by rule, any test of support is a buy signal. In this case, support 177.89 is being tested, a buy signal would exist.

  • Short ONTO slightly under 194.73, target 177.89, stop loss @ 195.29 Details
  • The technical summary data is suggesting a short of ONTO as it gets near 194.73 with a downside target of 177.89. We should have a stop loss in place at 195.29though. 194.73 is the first level of resistance above 189.72, and by rule, any test of resistance is a short signal. In this case, if resistance 194.73 is being tested, a short signal would exist.

Swing Trading Plans for ONTO
  • Buy ONTO slightly over 190.48, target 194.73, Stop Loss @ 189.93 Details
  • If 190.48 begins to break higher, the technical summary data tells us to buy ONTO just slightly over 190.48, with an upside target of 194.73. The data also tells us to set a stop loss @ 189.93 in case the stock turns against the trade. 190.48 is the first level of resistance above 189.72, and by rule, any break above resistance is a buy signal. In this case, 190.48, 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 ONTO slightly near 190.48, target 182.11, Stop Loss @ 191.03. Details
  • The technical summary data is suggesting a short of ONTO if it tests 190.48 with a downside target of 182.11. We should have a stop loss in place at 191.03 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, 190.48, 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 ONTO
  • Buy ONTO slightly over 190.48, target 194.73, Stop Loss @ 190.04 Details
  • If 190.48 begins to break higher, the technical summary data tells us to buy ONTO just slightly over 190.48, with an upside target of 194.73. The data also tells us to set a stop loss @ 190.04 in case the stock turns against the trade. 190.48 is the first level of resistance above 189.72, and by rule, any break above resistance is a buy signal. In this case, 190.48, 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 ONTO slightly near 190.48, target 189.65, Stop Loss @ 190.92. Details
  • The technical summary data is suggesting a short of ONTO if it tests 190.48 with a downside target of 189.65. We should have a stop loss in place at 190.92 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, 190.48, 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.

Real Time Updates are available on our  Onto Innovation Inc. (ONTO) Page here: ONTO.

ONTO Ratings for April 03:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 162.08
P2 185.26 182.11 177.89
P3 189.65 190.48 194.73
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Support and Resistance Plot Chart for ONTO

ONTO Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Onto Innovation Inc. (NASDAQ: ONTO) report below is a real world example. Included are trading plans for ONTO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports