How the (CATH) price action is used to our Advantage
July 20, 2024, 10:58 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for CATH
- Buy CATH slightly over 65.72 target 68.02 stop loss @ 65.53 Details
The technical summary data tells us to buy CATH near 65.72 with an upside target of 68.02. This data also tells us to set a stop loss @ 65.53 to protect against excessive loss in case the stock begins to move against the trade. 65.72 is the first level of support below 66.3 , and by rule, any test of support is a buy signal. In this case, support 65.72 is being tested, a buy signal would exist.
- Short CATH slightly under 68.02, target 65.72, stop loss @ 68.22 Details
The technical summary data is suggesting a short of CATH as it gets near 68.02 with a downside target of 65.72. We should have a stop loss in place at 68.22though. 68.02 is the first level of resistance above 66.3, and by rule, any test of resistance is a short signal. In this case, if resistance 68.02 is being tested, a short signal would exist.
Swing Trading Plans for CATH
- Buy CATH slightly over 67.35, target 68.02, Stop Loss @ 67.16 Details
If 67.35 begins to break higher, the technical summary data tells us to buy CATH just slightly over 67.35, with an upside target of 68.02. The data also tells us to set a stop loss @ 67.16 in case the stock turns against the trade. 67.35 is the first level of resistance above 66.3, and by rule, any break above resistance is a buy signal. In this case, 67.35, 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 CATH slightly near 67.35, target 65.72, Stop Loss @ 67.54. Details
The technical summary data is suggesting a short of CATH if it tests 67.35 with a downside target of 65.72. We should have a stop loss in place at 67.54 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, 67.35, 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 CATH
- Buy CATH slightly over 66.75, target 67.35, Stop Loss @ 66.59 Details
If 66.75 begins to break higher, the technical summary data tells us to buy CATH just slightly over 66.75, with an upside target of 67.35. The data also tells us to set a stop loss @ 66.59 in case the stock turns against the trade. 66.75 is the first level of resistance above 66.3, and by rule, any break above resistance is a buy signal. In this case, 66.75, 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 CATH slightly near 66.75, target 65.72, Stop Loss @ 66.91. Details
The technical summary data is suggesting a short of CATH if it tests 66.75 with a downside target of 65.72. We should have a stop loss in place at 66.91 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, 66.75, 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 Global X Fds (CATH) available here: CATH.
CATH Ratings for July 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
63.28 |
| P2 |
66.75 |
67.35 |
65.72 |
| P3 |
67.33 |
68.32 |
68.02 |
AI Generated Signals for CATH
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 Global X Fds (NASDAQ: CATH) data table below can help you with price action, and we have more details too. Trading plans for CATH 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 CATH:
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