How the (KLIC) price action is used to our Advantage
June 29, 2024, 00:00 am ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for KLIC
- Buy KLIC slightly over 46.32 target 51.12 stop loss @ 46.19 Details
The technical summary data tells us to buy KLIC near 46.32 with an upside target of 51.12. This data also tells us to set a stop loss @ 46.19 to protect against excessive loss in case the stock begins to move against the trade. 46.32 is the first level of support below 49.19 , and by rule, any test of support is a buy signal. In this case, support 46.32 is being tested, a buy signal would exist.
- Short KLIC slightly under 51.12, target 46.32, stop loss @ 51.27 Details
The technical summary data is suggesting a short of KLIC as it gets near 51.12 with a downside target of 46.32. We should have a stop loss in place at 51.27though. 51.12 is the first level of resistance above 49.19, and by rule, any test of resistance is a short signal. In this case, if resistance 51.12 is being tested, a short signal would exist.
Swing Trading Plans for KLIC
- Buy KLIC slightly over 51.12, target n/a, Stop Loss @ 50.97 Details
If 51.12 begins to break higher, the technical summary data tells us to buy KLIC just slightly over 51.12, with an upside target of n/a. The data also tells us to set a stop loss @ 50.97 in case the stock turns against the trade. 51.12 is the first level of resistance above 49.19, and by rule, any break above resistance is a buy signal. In this case, 51.12, 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 KLIC slightly near 51.12, target 48.15, Stop Loss @ 51.27. Details
The technical summary data is suggesting a short of KLIC if it tests 51.12 with a downside target of 48.15. We should have a stop loss in place at 51.27 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, 51.12, 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 KLIC
- Buy KLIC slightly over 51.12, target n/a, Stop Loss @ 51 Details
If 51.12 begins to break higher, the technical summary data tells us to buy KLIC just slightly over 51.12, with an upside target of n/a. The data also tells us to set a stop loss @ 51 in case the stock turns against the trade. 51.12 is the first level of resistance above 49.19, and by rule, any break above resistance is a buy signal. In this case, 51.12, 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 KLIC slightly near 51.12, target 48.15, Stop Loss @ 51.24. Details
The technical summary data is suggesting a short of KLIC if it tests 51.12 with a downside target of 48.15. We should have a stop loss in place at 51.24 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, 51.12, 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 Kulicke And Soffa Industries Inc. (KLIC) available here: KLIC.
KLIC Ratings for June 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Weak |
| P1 |
0 |
0 |
41.51 |
| P2 |
46.46 |
46.49 |
46.32 |
| P3 |
47.24 |
48.15 |
51.12 |
AI Generated Signals for KLIC
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Kulicke And Soffa Industries Inc. (NASDAQ: KLIC) data table below can help you with price action, and we have more details too. Trading plans for KLIC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for KLIC:
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