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Trading Illumina $ILMN With Integrated Risk Controls

Longer Term Trading Plans for ILMN
  • Buy ILMN slightly over 182.79 target 201.07 stop loss @ 182.26 Details
  • The technical summary data tells us to buy ILMN near 182.79 with an upside target of 201.07. This data also tells us to set a stop loss @ 182.26 to protect against excessive loss in case the stock begins to move against the trade. 182.79 is the first level of support below 185.12 , and by rule, any test of support is a buy signal. In this case, support 182.79 would be being tested, so a buy signal would exist.

  • Short ILMN slightly under 201.07, target 182.79, stop loss @ 201.65 Details
  • The technical summary data is suggesting a short of ILMN as it gets near 201.07 with a downside target of 182.79. We should have a stop loss in place at 201.65though. 201.07 is the first level of resistance above 185.12, and by rule, any test of resistance is a short signal. In this case, if resistance 201.07 is being tested, so a short signal would exist.

Swing Trading Plans for ILMN
  • Buy ILMN slightly over 188.82, target 201.07, Stop Loss @ 188.27 Details
  • If 188.82 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 188.82, with an upside target of 201.07. The data also tells us to set a stop loss @ 188.27 in case the stock turns against the trade. 188.82 is the first level of resistance above 185.12, and by rule, any break above resistance is a buy signal. In this case, 188.82, 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 ILMN slightly near 188.82, target 183.49, Stop Loss @ 189.37. Details
  • The technical summary data is suggesting a short of ILMN if it tests 188.82 with a downside target of 183.49. We should have a stop loss in place at 189.37 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, 188.82, 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 ILMN
  • Buy ILMN slightly over 186.32, target 188.82, Stop Loss @ 185.89 Details
  • If 186.32 begins to break higher, the technical summary data tells us to buy ILMN just slightly over 186.32, with an upside target of 188.82. The data also tells us to set a stop loss @ 185.89 in case the stock turns against the trade. 186.32 is the first level of resistance above 185.12, and by rule, any break above resistance is a buy signal. In this case, 186.32, 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 ILMN slightly near 186.32, target 183.49, Stop Loss @ 186.75. Details
  • The technical summary data is suggesting a short of ILMN if it tests 186.32 with a downside target of 183.49. We should have a stop loss in place at 186.75 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, 186.32, 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 Illumina (ILMN) available here: ILMN.

ILMN Ratings for August 11:

Term →Near Mid Long
Rating Weak Neutral Neutral
P1 0 0 182.79
P2 182.80 183.49 201.07
P3 186.32 188.82 219.69
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AI Generated Signals for ILMN

ILMN Long Term Analysis for August 11 2023

Blue = Current Price
Red= Resistance
Green = Support

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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 Illumina (NASDAQ: ILMN) report below can help you, but we have more details too. The trading plans for ILMN, 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.