How the (MLAB) price action is used to our Advantage
November 13, 2024, 19:42 pm ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MLAB
- Buy MLAB near 106.79 target 123.58 stop loss @ 106.48 Details
The technical summary data tells us to buy MLAB near 106.79 with an upside target of 123.58. This data also tells us to set a stop loss @ 106.48 to protect against excessive loss in case the stock begins to move against the trade. 106.79 is the first level of support below 107.77 , and by rule, any test of support is a buy signal. In this case, support 106.79 would be being tested, so a buy signal would exist.
- Short MLAB slightly under 123.58, target 106.79, stop loss @ 123.94 Details
The technical summary data is suggesting a short of MLAB as it gets near 123.58 with a downside target of 106.79. We should have a stop loss in place at 123.94though. 123.58 is the first level of resistance above 107.77, and by rule, any test of resistance is a short signal. In this case, if resistance 123.58 is being tested, so a short signal would exist.
Swing Trading Plans for MLAB
- Buy MLAB slightly over 112.7, target 123.58, Stop Loss @ 112.37 Details
If 112.7 begins to break higher, the technical summary data tells us to buy MLAB just slightly over 112.7, with an upside target of 123.58. The data also tells us to set a stop loss @ 112.37 in case the stock turns against the trade. 112.7 is the first level of resistance above 107.77, and by rule, any break above resistance is a buy signal. In this case, 112.7, 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 MLAB slightly near 112.7, target 106.79, Stop Loss @ 113.03. Details
The technical summary data is suggesting a short of MLAB if it tests 112.7 with a downside target of 106.79. We should have a stop loss in place at 113.03 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, 112.7, 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 MLAB
- Buy MLAB slightly over 108.75, target 112.7, Stop Loss @ 108.5 Details
If 108.75 begins to break higher, the technical summary data tells us to buy MLAB just slightly over 108.75, with an upside target of 112.7. The data also tells us to set a stop loss @ 108.5 in case the stock turns against the trade. 108.75 is the first level of resistance above 107.77, and by rule, any break above resistance is a buy signal. In this case, 108.75, 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 MLAB slightly near 108.75, target 106.79, Stop Loss @ 109. Details
The technical summary data is suggesting a short of MLAB if it tests 108.75 with a downside target of 106.79. We should have a stop loss in place at 109 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, 108.75, 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 Mesa Laboratories Inc. (MLAB) available here: MLAB.
MLAB Ratings for November 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
106.79 |
| P2 |
108.75 |
112.7 |
123.58 |
| P3 |
113.39 |
126.76 |
140.47 |
AI Generated Signals for MLAB
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Mesa Laboratories Inc. (NASDAQ: MLAB) data table below can help you with price action, and we have more details too. Trading plans for MLAB are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MLAB:
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