How the (HTEC) price action is used to our Advantage
November 02, 2024, 03:38 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HTEC
- Buy HTEC near 27.87 target 29.21 stop loss @ 27.79 Details
The technical summary data tells us to buy HTEC near 27.87 with an upside target of 29.21. This data also tells us to set a stop loss @ 27.79 to protect against excessive loss in case the stock begins to move against the trade. 27.87 is the first level of support below 28.4624 , and by rule, any test of support is a buy signal. In this case, support 27.87 would be being tested, so a buy signal would exist.
- Short HTEC slightly under 29.21, target 27.87, stop loss @ 29.29 Details
The technical summary data is suggesting a short of HTEC as it gets near 29.21 with a downside target of 27.87. We should have a stop loss in place at 29.29though. 29.21 is the first level of resistance above 28.4624, and by rule, any test of resistance is a short signal. In this case, if resistance 29.21 is being tested, so a short signal would exist.
Swing Trading Plans for HTEC
- Buy HTEC slightly over 29.21, target 30.48, Stop Loss @ 29.13 Details
If 29.21 begins to break higher, the technical summary data tells us to buy HTEC just slightly over 29.21, with an upside target of 30.48. The data also tells us to set a stop loss @ 29.13 in case the stock turns against the trade. 29.21 is the first level of resistance above 28.4624, and by rule, any break above resistance is a buy signal. In this case, 29.21, 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 HTEC slightly near 29.21, target 28.35, Stop Loss @ 29.29. Details
The technical summary data is suggesting a short of HTEC if it tests 29.21 with a downside target of 28.35. We should have a stop loss in place at 29.29 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, 29.21, 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 HTEC
- Buy HTEC slightly over 28.49, target 29.21, Stop Loss @ 28.42 Details
If 28.49 begins to break higher, the technical summary data tells us to buy HTEC just slightly over 28.49, with an upside target of 29.21. The data also tells us to set a stop loss @ 28.42 in case the stock turns against the trade. 28.49 is the first level of resistance above 28.4624, and by rule, any break above resistance is a buy signal. In this case, 28.49, 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 HTEC slightly near 28.49, target 27.96, Stop Loss @ 28.56. Details
The technical summary data is suggesting a short of HTEC if it tests 28.49 with a downside target of 27.96. We should have a stop loss in place at 28.56 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, 28.49, 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 Robo Global Healthcare Technology And Innovation Etf (HTEC) available here: HTEC.
HTEC Ratings for November 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
27.87 |
| P2 |
28.2 |
27.96 |
29.21 |
| P3 |
28.49 |
28.35 |
30.48 |
AI Generated Signals for HTEC
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 Robo Global Healthcare Technology And Innovation Etf (NASDAQ: HTEC) data table below can help you with price action, and we have more details too. Trading plans for HTEC 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 HTEC:
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