(ACMR) Proactive Strategies

December 01, 2024, 19:18 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ACMR

• Buy ACMR near 15.16 target 20.18 stop loss @ 15.12 Details

The technical summary data tells us to buy ACMR near 15.16 with an upside target of 20.18. This data also tells us to set a stop loss @ 15.12 to protect against excessive loss in case the stock begins to move against the trade. 15.16 is the first level of support below 17.19 , and by rule, any test of support is a buy signal. In this case, support 15.16 would be being tested, so a buy signal would exist.

• Short ACMR slightly under 20.18, target 15.16, stop loss @ 20.24 Details

The technical summary data is suggesting a short of ACMR as it gets near 20.18 with a downside target of 15.16. We should have a stop loss in place at 20.24though. 20.18 is the first level of resistance above 17.19, and by rule, any test of resistance is a short signal. In this case, if resistance 20.18 is being tested, so a short signal would exist.

Swing Trading Plans for ACMR

• Buy ACMR slightly over 17.28, target 18.5, Stop Loss @ 17.23 Details

If 17.28 begins to break higher, the technical summary data tells us to buy ACMR just slightly over 17.28, with an upside target of 18.5. The data also tells us to set a stop loss @ 17.23 in case the stock turns against the trade. 17.28 is the first level of resistance above 17.19, and by rule, any break above resistance is a buy signal. In this case, 17.28, 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 ACMR slightly near 17.28, target 15.16, Stop Loss @ 17.33. Details

The technical summary data is suggesting a short of ACMR if it tests 17.28 with a downside target of 15.16. We should have a stop loss in place at 17.33 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, 17.28, 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 ACMR

• Buy ACMR slightly over 17.28, target 18.5, Stop Loss @ 17.24 Details

If 17.28 begins to break higher, the technical summary data tells us to buy ACMR just slightly over 17.28, with an upside target of 18.5. The data also tells us to set a stop loss @ 17.24 in case the stock turns against the trade. 17.28 is the first level of resistance above 17.19, and by rule, any break above resistance is a buy signal. In this case, 17.28, 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 ACMR slightly near 17.28, target 16.54, Stop Loss @ 17.32. Details

The technical summary data is suggesting a short of ACMR if it tests 17.28 with a downside target of 16.54. We should have a stop loss in place at 17.32 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, 17.28, 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 Acm Research Inc. (ACMR) available here: ACMR.

ACMR Ratings for December 01:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	15.16
P2	16.54	17.28	20.18
P3	17.18	18.5	26.22

AI Generated Signals for ACMR

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Don't over think it!  Trading Acm Research Inc. (NASDAQ: ACMR) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for ACMR change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if ACMR is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for ACMR too.  All of these are offered below the Summary Table.