Trading (MORF) With Integrated Risk Controls
June 23, 2024, 06:58 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MORF
- Buy MORF slightly over 24 target 35.89 stop loss @ 23.93 Details
The technical summary data tells us to buy MORF near 24 with an upside target of 35.89. This data also tells us to set a stop loss @ 23.93 to protect against excessive loss in case the stock begins to move against the trade. 24 is the first level of support below 28.47 , and by rule, any test of support is a buy signal. In this case, support 24 is being tested, a buy signal would exist.
- Short MORF slightly under 35.89, target 24, stop loss @ 35.99 Details
The technical summary data is suggesting a short of MORF as it gets near 35.89 with a downside target of 24. We should have a stop loss in place at 35.99though. 35.89 is the first level of resistance above 28.47, and by rule, any test of resistance is a short signal. In this case, if resistance 35.89 is being tested, a short signal would exist.
Swing Trading Plans for MORF
- Buy MORF slightly over 35.89, target n/a, Stop Loss @ 35.79 Details
If 35.89 begins to break higher, the technical summary data tells us to buy MORF just slightly over 35.89, with an upside target of n/a. The data also tells us to set a stop loss @ 35.79 in case the stock turns against the trade. 35.89 is the first level of resistance above 28.47, and by rule, any break above resistance is a buy signal. In this case, 35.89, 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 MORF slightly near 35.89, target 27, Stop Loss @ 35.99. Details
The technical summary data is suggesting a short of MORF if it tests 35.89 with a downside target of 27. We should have a stop loss in place at 35.99 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, 35.89, 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 MORF
- Buy MORF slightly over 28.64, target 35.89, Stop Loss @ 28.57 Details
If 28.64 begins to break higher, the technical summary data tells us to buy MORF just slightly over 28.64, with an upside target of 35.89. The data also tells us to set a stop loss @ 28.57 in case the stock turns against the trade. 28.64 is the first level of resistance above 28.47, and by rule, any break above resistance is a buy signal. In this case, 28.64, 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 MORF slightly near 28.64, target 27.08, Stop Loss @ 28.71. Details
The technical summary data is suggesting a short of MORF if it tests 28.64 with a downside target of 27.08. We should have a stop loss in place at 28.71 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, 28.64, 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 Morphic Holding Inc. (MORF) available here: MORF.
MORF Ratings for June 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
12.34 |
| P2 |
27.08 |
24.42 |
24 |
| P3 |
28.64 |
27 |
35.89 |
AI Generated Signals for MORF
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for MORF:
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