When (MLTX) Moves Investors should Listen
September 05, 2024, 09:56 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MLTX
- Buy MLTX slightly over 42.88 target 50.63 stop loss @ 42.76 Details
The technical summary data tells us to buy MLTX near 42.88 with an upside target of 50.63. This data also tells us to set a stop loss @ 42.76 to protect against excessive loss in case the stock begins to move against the trade. 42.88 is the first level of support below 46.73 , and by rule, any test of support is a buy signal. In this case, support 42.88 is being tested, a buy signal would exist.
- Short MLTX slightly under 50.63, target 42.88, stop loss @ 50.78 Details
The technical summary data is suggesting a short of MLTX as it gets near 50.63 with a downside target of 42.88. We should have a stop loss in place at 50.78though. 50.63 is the first level of resistance above 46.73, and by rule, any test of resistance is a short signal. In this case, if resistance 50.63 is being tested, a short signal would exist.
Swing Trading Plans for MLTX
- Buy MLTX slightly over 47.42, target 50.63, Stop Loss @ 47.28 Details
If 47.42 begins to break higher, the technical summary data tells us to buy MLTX just slightly over 47.42, with an upside target of 50.63. The data also tells us to set a stop loss @ 47.28 in case the stock turns against the trade. 47.42 is the first level of resistance above 46.73, and by rule, any break above resistance is a buy signal. In this case, 47.42, 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 MLTX slightly near 47.42, target 45.69, Stop Loss @ 47.56. Details
The technical summary data is suggesting a short of MLTX if it tests 47.42 with a downside target of 45.69. We should have a stop loss in place at 47.56 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, 47.42, 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 MLTX
- Buy MLTX slightly over 47.54, target 50.63, Stop Loss @ 47.43 Details
If 47.54 begins to break higher, the technical summary data tells us to buy MLTX just slightly over 47.54, with an upside target of 50.63. The data also tells us to set a stop loss @ 47.43 in case the stock turns against the trade. 47.54 is the first level of resistance above 46.73, and by rule, any break above resistance is a buy signal. In this case, 47.54, 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 MLTX slightly near 47.54, target 46.35, Stop Loss @ 47.65. Details
The technical summary data is suggesting a short of MLTX if it tests 47.54 with a downside target of 46.35. We should have a stop loss in place at 47.65 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, 47.54, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Moonlake Immunotherapeutics (MLTX) available here: MLTX.
MLTX Ratings for September 05:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
35.32 |
| P2 |
46.35 |
45.69 |
42.88 |
| P3 |
47.54 |
47.42 |
50.63 |
AI Generated Signals for MLTX
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 Moonlake Immunotherapeutics (NASDAQ: MLTX) report below is a real world example. Included are trading plans for MLTX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MLTX:
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