Trading (LITE) With Integrated Risk Controls
October 01, 2024, 11:24 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LITE
- Buy LITE near 54.28 target 62.03 stop loss @ 54.12 Details
The technical summary data tells us to buy LITE near 54.28 with an upside target of 62.03. This data also tells us to set a stop loss @ 54.12 to protect against excessive loss in case the stock begins to move against the trade. 54.28 is the first level of support below 61.31 , and by rule, any test of support is a buy signal. In this case, support 54.28 is being tested, a buy signal would exist.
- Short LITE slightly under 62.03, target 54.28, stop loss @ 62.21 Details
The technical summary data is suggesting a short of LITE as it gets near 62.03 with a downside target of 54.28. We should have a stop loss in place at 62.21though. 62.03 is the first level of resistance above 61.31, and by rule, any test of resistance is a short signal. In this case, if resistance 62.03 is being tested, a short signal would exist.
Swing Trading Plans for LITE
- Buy LITE slightly over 62.03, target 63.48, Stop Loss @ 61.85 Details
If 62.03 begins to break higher, the technical summary data tells us to buy LITE just slightly over 62.03, with an upside target of 63.48. The data also tells us to set a stop loss @ 61.85 in case the stock turns against the trade. 62.03 is the first level of resistance above 61.31, and by rule, any break above resistance is a buy signal. In this case, 62.03, 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 LITE slightly near 62.03, target 54.28, Stop Loss @ 62.21. Details
The technical summary data is suggesting a short of LITE if it tests 62.03 with a downside target of 54.28. We should have a stop loss in place at 62.21 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, 62.03, 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 LITE
- Buy LITE slightly over 62.03, target 63.48, Stop Loss @ 61.89 Details
If 62.03 begins to break higher, the technical summary data tells us to buy LITE just slightly over 62.03, with an upside target of 63.48. The data also tells us to set a stop loss @ 61.89 in case the stock turns against the trade. 62.03 is the first level of resistance above 61.31, and by rule, any break above resistance is a buy signal. In this case, 62.03, 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 LITE slightly near 62.03, target 54.28, Stop Loss @ 62.17. Details
The technical summary data is suggesting a short of LITE if it tests 62.03 with a downside target of 54.28. We should have a stop loss in place at 62.17 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, 62.03, 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 Lumentum Holdings Inc. (LITE) available here: LITE.
LITE Ratings for October 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
46.66 |
| P2 |
63.28 |
63.48 |
54.28 |
| P3 |
65.7 |
66 |
62.03 |
AI Generated Signals for LITE
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for LITE:
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