How the (AMKR) price action is used to our Advantage
September 28, 2024, 09:06 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AMKR
- Buy AMKR near 30.75 target 36.23 stop loss @ 30.66 Details
The technical summary data tells us to buy AMKR near 30.75 with an upside target of 36.23. This data also tells us to set a stop loss @ 30.66 to protect against excessive loss in case the stock begins to move against the trade. 30.75 is the first level of support below 30.89 , and by rule, any test of support is a buy signal. In this case, support 30.75 would be being tested, so a buy signal would exist.
- Short AMKR slightly under 36.23, target 30.75, stop loss @ 36.33 Details
The technical summary data is suggesting a short of AMKR as it gets near 36.23 with a downside target of 30.75. We should have a stop loss in place at 36.33though. 36.23 is the first level of resistance above 30.89, and by rule, any test of resistance is a short signal. In this case, if resistance 36.23 is being tested, so a short signal would exist.
Swing Trading Plans for AMKR
- Buy AMKR slightly over 32.13, target 36.23, Stop Loss @ 32.04 Details
If 32.13 begins to break higher, the technical summary data tells us to buy AMKR just slightly over 32.13, with an upside target of 36.23. The data also tells us to set a stop loss @ 32.04 in case the stock turns against the trade. 32.13 is the first level of resistance above 30.89, and by rule, any break above resistance is a buy signal. In this case, 32.13, 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 AMKR slightly near 32.13, target 30.84, Stop Loss @ 32.22. Details
The technical summary data is suggesting a short of AMKR if it tests 32.13 with a downside target of 30.84. We should have a stop loss in place at 32.22 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, 32.13, 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 AMKR
- Buy AMKR slightly over 31.62, target 32.13, Stop Loss @ 31.55 Details
If 31.62 begins to break higher, the technical summary data tells us to buy AMKR just slightly over 31.62, with an upside target of 32.13. The data also tells us to set a stop loss @ 31.55 in case the stock turns against the trade. 31.62 is the first level of resistance above 30.89, and by rule, any break above resistance is a buy signal. In this case, 31.62, 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 AMKR slightly near 31.62, target 30.84, Stop Loss @ 31.69. Details
The technical summary data is suggesting a short of AMKR if it tests 31.62 with a downside target of 30.84. We should have a stop loss in place at 31.69 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, 31.62, 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 Amkor Technology Inc. (AMKR) available here: AMKR.
AMKR Ratings for September 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
30.75 |
| P2 |
30.59 |
30.84 |
36.23 |
| P3 |
31.62 |
32.13 |
41.91 |
AI Generated Signals for AMKR
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 Amkor Technology Inc. (NASDAQ: AMKR) data table below can help you with price action, and we have more details too. Trading plans for AMKR 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 AMKR:
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