Learn to Evaluate (WLKP) using the Charts
November 16, 2024, 01:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WLKP
- Buy WLKP near 22.28 target 22.94 stop loss @ 22.22 Details
The technical summary data tells us to buy WLKP near 22.28 with an upside target of 22.94. This data also tells us to set a stop loss @ 22.22 to protect against excessive loss in case the stock begins to move against the trade. 22.28 is the first level of support below 22.55 , and by rule, any test of support is a buy signal. In this case, support 22.28 is being tested, a buy signal would exist.
- Short WLKP slightly under 22.94, target 22.28, stop loss @ 23.01 Details
The technical summary data is suggesting a short of WLKP as it gets near 22.94 with a downside target of 22.28. We should have a stop loss in place at 23.01though. 22.94 is the first level of resistance above 22.55, and by rule, any test of resistance is a short signal. In this case, if resistance 22.94 is being tested, a short signal would exist.
Swing Trading Plans for WLKP
- Buy WLKP slightly over 22.94, target n/a, Stop Loss @ 22.87 Details
If 22.94 begins to break higher, the technical summary data tells us to buy WLKP just slightly over 22.94, with an upside target of n/a. The data also tells us to set a stop loss @ 22.87 in case the stock turns against the trade. 22.94 is the first level of resistance above 22.55, and by rule, any break above resistance is a buy signal. In this case, 22.94, 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 WLKP slightly near 22.94, target 22.32, Stop Loss @ 23.01. Details
The technical summary data is suggesting a short of WLKP if it tests 22.94 with a downside target of 22.32. We should have a stop loss in place at 23.01 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, 22.94, 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 WLKP
- Buy WLKP slightly over 22.94, target n/a, Stop Loss @ 22.89 Details
If 22.94 begins to break higher, the technical summary data tells us to buy WLKP just slightly over 22.94, with an upside target of n/a. The data also tells us to set a stop loss @ 22.89 in case the stock turns against the trade. 22.94 is the first level of resistance above 22.55, and by rule, any break above resistance is a buy signal. In this case, 22.94, 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 WLKP slightly near 22.94, target 22.52, Stop Loss @ 22.99. Details
The technical summary data is suggesting a short of WLKP if it tests 22.94 with a downside target of 22.52. We should have a stop loss in place at 22.99 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, 22.94, 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 Westlake Chemical Partners Lp Representing Limited Partner Interests (WLKP) available here: WLKP.
WLKP Ratings for November 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
21.66 |
| P2 |
22.52 |
22.32 |
22.28 |
| P3 |
22.8 |
22.75 |
22.94 |
AI Generated Signals for WLKP
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Westlake Chemical Partners Lp Representing Limited Partner Interests (NASDAQ: WLKP) report below can help you understand how to do this. The trading plans for WLKP, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WLKP:
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