pool adsWhen Allete ALE Moves Investors should Listen
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.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Strong |
| P1 | 0 | 0 | 64.40 |
| P2 | 69.59 | 68.62 | 69.05 |
| P3 | 70.08 | 69.71 | 74.13 |
Support and Resistance Plot Chart for ALE
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.
Blue = Current Price
Red= Resistance
Green = Support
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