Trading (CALT) With Integrated Risk Controls
February 19, 2024, 00:06 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CALT
- Buy CALT slightly over 19.86 target 24.36 stop loss @ 19.8 Details
The technical summary data tells us to buy CALT near 19.86 with an upside target of 24.36. This data also tells us to set a stop loss @ 19.8 to protect against excessive loss in case the stock begins to move against the trade. 19.86 is the first level of support below 21.24 , and by rule, any test of support is a buy signal. In this case, support 19.86 is being tested, a buy signal would exist.
- Short CALT slightly under 24.36, target 19.86, stop loss @ 24.43 Details
The technical summary data is suggesting a short of CALT as it gets near 24.36 with a downside target of 19.86. We should have a stop loss in place at 24.43though. 24.36 is the first level of resistance above 21.24, and by rule, any test of resistance is a short signal. In this case, if resistance 24.36 is being tested, a short signal would exist.
Swing Trading Plans for CALT
- Buy CALT slightly over 21.56, target 24.36, Stop Loss @ 21.5 Details
If 21.56 begins to break higher, the technical summary data tells us to buy CALT just slightly over 21.56, with an upside target of 24.36. The data also tells us to set a stop loss @ 21.5 in case the stock turns against the trade. 21.56 is the first level of resistance above 21.24, and by rule, any break above resistance is a buy signal. In this case, 21.56, 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 CALT slightly near 21.56, target 20.5, Stop Loss @ 21.62. Details
The technical summary data is suggesting a short of CALT if it tests 21.56 with a downside target of 20.5. We should have a stop loss in place at 21.62 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, 21.56, 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 CALT
- Buy CALT slightly over 21.56, target 24.36, Stop Loss @ 21.51 Details
If 21.56 begins to break higher, the technical summary data tells us to buy CALT just slightly over 21.56, with an upside target of 24.36. The data also tells us to set a stop loss @ 21.51 in case the stock turns against the trade. 21.56 is the first level of resistance above 21.24, and by rule, any break above resistance is a buy signal. In this case, 21.56, 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 CALT slightly near 21.56, target 20.51, Stop Loss @ 21.61. Details
The technical summary data is suggesting a short of CALT if it tests 21.56 with a downside target of 20.51. We should have a stop loss in place at 21.61 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, 21.56, 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 Calliditas Therapeutics Ab (CALT) available here: CALT.
CALT Ratings for February 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
15.69 |
| P2 |
20.51 |
20.5 |
19.86 |
| P3 |
21.5 |
21.56 |
24.36 |
AI Generated Signals for CALT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for CALT:
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