When Allete ALE Moves Investors should Listen

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Neutral Neutral Strong
P1 0 0 64.40
P2 69.59 68.62 69.05
P3 70.08 69.71 74.13

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  Allete (NYSE: ALE) report below is a real world example. Included are trading plans for ALE, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports

Longer Term Trading Plans for ALE

June 11, 2021, 1:45 am ET

Our Longer Term Plans for ALE help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALE Report.

ALE - (Long) Support Plan

Buy over 69.05 target 74.13 stop loss @ 68.85

The technical summary data tells us to buy ALE near 69.05 with an upside target of 74.13. This data also tells us to set a stop loss @ 68.85 to protect against excessive loss in case the stock begins to move against the trade. 69.05 is the first level of support below 70.14 , and by rule, any test of support is a buy signal. In this case, support 69.05 is being tested, a buy signal would exist.

ALE - (Short) Resistance Plan

Short under 74.13, target 69.05, stop loss @ 74.34

The technical summary data is suggesting a short of ALE as it gets near 74.13 with a downside target of 69.05. We should have a stop loss in place at 74.34though. 74.13 is the first level of resistance above 70.14, and by rule, any test of resistance is a short signal. In this case, if resistance 74.13 is being tested, a short signal would exist.


ALE Long Term Analysis for June 11 2021

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for ALE

June 11, 2021, 1:45 am ET

Our Swing Trading Plans for ALE help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALE Report.

ALE - (Long) Support Plan

Buy over 74.13, target n/a, Stop Loss @ 73.92

If 74.13 begins to break higher, the technical summary data tells us to buy ALE just over 74.13, with an upside target of n/a. The data also tells us to set a stop loss @ 73.92 in case the stock turns against the trade. 74.13 is the first level of resistance above 70.14, and by rule, any break above resistance is a buy signal. In this case, 74.13, 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.

ALE - (Short) Resistance Plan

Short near 74.13, target 69.71, Stop Loss @ 74.34.

The technical summary data is suggesting a short of ALE if it tests 74.13 with a downside target of 69.71. We should have a stop loss in place at 74.34 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, 74.13, 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.


ALE Swing Trading Analysis for June 11 2021

Day Trading Plans for ALE

June 11, 2021, 1:45 am ET

Our Day Trading Plans for ALE help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this ALE Report.

ALE - (Long) Support Plan

Buy over 74.13, target n/a, Stop Loss @ 73.96

If 74.13 begins to break higher, the technical summary data tells us to buy ALE just over 74.13, with an upside target of n/a. The data also tells us to set a stop loss @ 73.96 in case the stock turns against the trade. 74.13 is the first level of resistance above 70.14, and by rule, any break above resistance is a buy signal. In this case, 74.13, 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.

ALE - (Short) Resistance Plan

Short near 74.13, target 70.08, Stop Loss @ 74.3.

The technical summary data is suggesting a short of ALE if it tests 74.13 with a downside target of 70.08. We should have a stop loss in place at 74.3 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, 74.13, 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.


ALE Day Trading Analysis for June 11 2021