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When the Price of (TARO) Talks, People Listen

Longer Term Trading Plans for TARO
  • Buy TARO slightly over 38.3 target 42.57 stop loss @ 38.19 Details
  • The technical summary data tells us to buy TARO near 38.3 with an upside target of 42.57. This data also tells us to set a stop loss @ 38.19 to protect against excessive loss in case the stock begins to move against the trade. 38.3 is the first level of support below 42.35 , and by rule, any test of support is a buy signal. In this case, support 38.3 would be being tested, so a buy signal would exist.

  • Short TARO slightly under 42.57, target 38.3, stop loss @ 42.69 Details
  • The technical summary data is suggesting a short of TARO as it gets near 42.57 with a downside target of 38.3. We should have a stop loss in place at 42.69though. 42.57 is the first level of resistance above 42.35, and by rule, any test of resistance is a short signal. In this case, if resistance 42.57 is being tested, so a short signal would exist.

Swing Trading Plans for TARO
  • Buy TARO slightly over 42.57, target 46.94, Stop Loss @ 42.45 Details
  • If 42.57 begins to break higher, the technical summary data tells us to buy TARO just slightly over 42.57, with an upside target of 46.94. The data also tells us to set a stop loss @ 42.45 in case the stock turns against the trade. 42.57 is the first level of resistance above 42.35, and by rule, any break above resistance is a buy signal. In this case, 42.57, 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 TARO slightly near 42.57, target 41.97, Stop Loss @ 42.69. Details
  • The technical summary data is suggesting a short of TARO if it tests 42.57 with a downside target of 41.97. We should have a stop loss in place at 42.69 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, 42.57, 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 TARO
  • Buy TARO slightly over 42.57, target 46.94, Stop Loss @ 42.47 Details
  • If 42.57 begins to break higher, the technical summary data tells us to buy TARO just slightly over 42.57, with an upside target of 46.94. The data also tells us to set a stop loss @ 42.47 in case the stock turns against the trade. 42.57 is the first level of resistance above 42.35, and by rule, any break above resistance is a buy signal. In this case, 42.57, 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 TARO slightly near 42.57, target 42.15, Stop Loss @ 42.67. Details
  • The technical summary data is suggesting a short of TARO if it tests 42.57 with a downside target of 42.15. We should have a stop loss in place at 42.67 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, 42.57, 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.

Real Time Updates are available on our Taro Pharmaceutical Industries Ltd. (TARO) Page here: TARO.

TARO Ratings for February 13:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 38.3
P2 42.15 41.97 42.57
P3 42.47 42.55 46.94
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Support and Resistance Plot Chart for TARO

TARO Long Term Analysis for February 13 2024

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 Taro Pharmaceutical Industries Ltd. (NASDAQ: TARO) 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 TARO 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