When the Price of (INAQ) Talks, People Listen
August 20, 2024, 22:10 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for INAQ
- Buy INAQ slightly over 11.17 target 11.4 stop loss @ 11.14 Details
The technical summary data tells us to buy INAQ near 11.17 with an upside target of 11.4. This data also tells us to set a stop loss @ 11.14 to protect against excessive loss in case the stock begins to move against the trade. 11.17 is the first level of support below 11.3 , and by rule, any test of support is a buy signal. In this case, support 11.17 would be being tested, so a buy signal would exist.
- Short INAQ slightly under 11.4, target 11.17, stop loss @ 11.43 Details
The technical summary data is suggesting a short of INAQ as it gets near 11.4 with a downside target of 11.17. We should have a stop loss in place at 11.43though. 11.4 is the first level of resistance above 11.3, and by rule, any test of resistance is a short signal. In this case, if resistance 11.4 is being tested, so a short signal would exist.
Swing Trading Plans for INAQ
- Buy INAQ slightly over 11.4, target n/a, Stop Loss @ 11.37 Details
If 11.4 begins to break higher, the technical summary data tells us to buy INAQ just slightly over 11.4, with an upside target of n/a. The data also tells us to set a stop loss @ 11.37 in case the stock turns against the trade. 11.4 is the first level of resistance above 11.3, and by rule, any break above resistance is a buy signal. In this case, 11.4, 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 INAQ slightly near 11.4, target n/a, Stop Loss @ 11.43. Details
The technical summary data is suggesting a short of INAQ if it tests 11.4 with a downside target of n/a. We should have a stop loss in place at 11.43 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, 11.4, 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 INAQ
- Buy INAQ slightly over 11.4, target 11.72, Stop Loss @ 11.37 Details
If 11.4 begins to break higher, the technical summary data tells us to buy INAQ just slightly over 11.4, with an upside target of 11.72. The data also tells us to set a stop loss @ 11.37 in case the stock turns against the trade. 11.4 is the first level of resistance above 11.3, and by rule, any break above resistance is a buy signal. In this case, 11.4, 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 INAQ slightly near 11.4, target n/a, Stop Loss @ 11.43. Details
The technical summary data is suggesting a short of INAQ if it tests 11.4 with a downside target of n/a. We should have a stop loss in place at 11.43 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, 11.4, 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 Insight Acquisition Corp. (INAQ) available here: INAQ.
INAQ Ratings for August 20:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Neutral |
Neutral |
P1 |
0 |
0 |
11.17 |
P2 |
11.3 |
11.32 |
11.4 |
P3 |
0 |
|
11.72 |
AI Generated Signals for INAQ
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Insight Acquisition Corp. (NASDAQ: INAQ) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for INAQ can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for INAQ: