Trading Harmonic HLIT With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for HLIT
  • Buy HLIT over 7.56 target 8.37 stop loss @ 7.54 Details
  • The technical summary data tells us to buy HLIT near 7.56 with an upside target of 8.37. This data also tells us to set a stop loss @ 7.54 to protect against excessive loss in case the stock begins to move against the trade. 7.56 is the first level of support below 8.01 , and by rule, any test of support is a buy signal. In this case, support 7.56 would be being tested, so a buy signal would exist.

  • Short HLIT under 8.37, target 7.56, stop loss @ 8.39 Details
  • The technical summary data is suggesting a short of HLIT as it gets near 8.37 with a downside target of 7.56. We should have a stop loss in place at 8.39though. 8.37 is the first level of resistance above 8.01, and by rule, any test of resistance is a short signal. In this case, if resistance 8.37 is being tested, so a short signal would exist.

Swing Trading Plans for HLIT
  • Buy HLIT over 8.13, target 8.37, Stop Loss @ 8.11 Details
  • If 8.13 begins to break higher, the technical summary data tells us to buy HLIT just over 8.13, with an upside target of 8.37. The data also tells us to set a stop loss @ 8.11 in case the stock turns against the trade. 8.13 is the first level of resistance above 8.01, and by rule, any break above resistance is a buy signal. In this case, 8.13, 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.

  • Short HLIT near 8.13, target 7.80, Stop Loss @ 8.15. Details
  • The technical summary data is suggesting a short of HLIT if it tests 8.13 with a downside target of 7.80. We should have a stop loss in place at 8.15 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, 8.13, 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.

Day Trading Plans for HLIT
  • Buy HLIT over 8.16, target 8.37, Stop Loss @ 8.14 Details
  • If 8.16 begins to break higher, the technical summary data tells us to buy HLIT just over 8.16, with an upside target of 8.37. The data also tells us to set a stop loss @ 8.14 in case the stock turns against the trade. 8.16 is the first level of resistance above 8.01, and by rule, any break above resistance is a buy signal. In this case, 8.16, 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 HLIT near 8.16, target 7.83, Stop Loss @ 8.18. Details
  • The technical summary data is suggesting a short of HLIT if it tests 8.16 with a downside target of 7.83. We should have a stop loss in place at 8.18 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, 8.16, 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.

HLIT Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Strong
P1 0 0 7.56
P2 7.83 7.80 8.37
P3 8.16 8.13 9.24

HLIT Long Term Analysis for July 22 2021


HLIT Swing Trading Analysis for July 22 2021


HLIT Day Trading Analysis for July 22 2021

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Harmonic (NASDAQ: HLIT) report below can help you, but we have more details too. The trading plans for HLIT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Graph of Evitar Corte vs S&P 500

AD