How to Take Advantage of moves in (RMBS)

February 03, 2024, 13:56 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for RMBS

• Buy RMBS slightly over 68.28 target 76.36 stop loss @ 68.08 Details

The technical summary data tells us to buy RMBS near 68.28 with an upside target of 76.36. This data also tells us to set a stop loss @ 68.08 to protect against excessive loss in case the stock begins to move against the trade. 68.28 is the first level of support below 68.85 , and by rule, any test of support is a buy signal. In this case, support 68.28 is being tested, a buy signal would exist.

• Short RMBS slightly under 76.36, target 68.28, stop loss @ 76.58 Details

The technical summary data is suggesting a short of RMBS as it gets near 76.36 with a downside target of 68.28. We should have a stop loss in place at 76.58though. 76.36 is the first level of resistance above 68.85, and by rule, any test of resistance is a short signal. In this case, if resistance 76.36 is being tested, a short signal would exist.

Swing Trading Plans for RMBS

• Buy RMBS slightly over 74.18, target 76.36, Stop Loss @ 73.97 Details

If 74.18 begins to break higher, the technical summary data tells us to buy RMBS just slightly over 74.18, with an upside target of 76.36. The data also tells us to set a stop loss @ 73.97 in case the stock turns against the trade. 74.18 is the first level of resistance above 68.85, and by rule, any break above resistance is a buy signal. In this case, 74.18, 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 RMBS slightly near 74.18, target 68.68, Stop Loss @ 74.39. Details

The technical summary data is suggesting a short of RMBS if it tests 74.18 with a downside target of 68.68. We should have a stop loss in place at 74.39 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, 74.18, 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 RMBS

• Buy RMBS slightly over 69.55, target 74.18, Stop Loss @ 69.39 Details

If 69.55 begins to break higher, the technical summary data tells us to buy RMBS just slightly over 69.55, with an upside target of 74.18. The data also tells us to set a stop loss @ 69.39 in case the stock turns against the trade. 69.55 is the first level of resistance above 68.85, and by rule, any break above resistance is a buy signal. In this case, 69.55, 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 RMBS slightly near 69.55, target 68.68, Stop Loss @ 69.71. Details

The technical summary data is suggesting a short of RMBS if it tests 69.55 with a downside target of 68.68. We should have a stop loss in place at 69.71 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, 69.55, 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 Rambus Inc. (RMBS) available here: RMBS.

RMBS Ratings for February 03:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	60.39
P2	67.52	68.68	68.28
P3	69.55	74.18	76.36

AI Generated Signals for RMBS

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This Rambus Inc. (NASDAQ: RMBS) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for RMBS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if RMBS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for RMBS too.  All of these are offered below the Summary Table.