When Invalid Iqfeed Symbol (KL) Moves Investors should Listen

March 20, 2022, 17:45 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Invalid Iqfeed Symbol (NYSE: KL) report below is a real world example. Included are trading plans for KL, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports. 

Longer Term Trading Plans for KL

• Buy KL slightly over 38.75 target 42.67 stop loss @ 38.64 Details

The technical summary data tells us to buy KL near 38.75 with an upside target of 42.67. This data also tells us to set a stop loss @ 38.64 to protect against excessive loss in case the stock begins to move against the trade. 38.75 is the first level of support below 38.92 , and by rule, any test of support is a buy signal. In this case, support 38.75 would be being tested, so a buy signal would exist.

• Short KL under 42.67, target 38.75, stop loss @ 42.79 Details

The technical summary data is suggesting a short of KL as it gets near 42.67 with a downside target of 38.75. We should have a stop loss in place at 42.79though. 42.67 is the first level of resistance above 38.92, and by rule, any test of resistance is a short signal. In this case, if resistance 42.67 is being tested, so a short signal would exist.

Swing Trading Plans for KL

• Buy KL slightly over 39.35, target 42.67, Stop Loss @ 39.24 Details

If 39.35 begins to break higher, the technical summary data tells us to buy KL just slightly over 39.35, with an upside target of 42.67. The data also tells us to set a stop loss @ 39.24 in case the stock turns against the trade. 39.35 is the first level of resistance above 38.92, and by rule, any break above resistance is a buy signal. In this case, 39.35, 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 KL near 39.35, target 38.75, Stop Loss @ 39.46. Details

The technical summary data is suggesting a short of KL if it tests 39.35 with a downside target of 38.75. We should have a stop loss in place at 39.46 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, 39.35, 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 KL

• Buy KL slightly over 39.36, target 42.67, Stop Loss @ 39.27 Details

If 39.36 begins to break higher, the technical summary data tells us to buy KL just slightly over 39.36, with an upside target of 42.67. The data also tells us to set a stop loss @ 39.27 in case the stock turns against the trade. 39.36 is the first level of resistance above 38.92, and by rule, any break above resistance is a buy signal. In this case, 39.36, 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 KL near 39.36, target 38.75, Stop Loss @ 39.45. Details

The technical summary data is suggesting a short of KL if it tests 39.36 with a downside target of 38.75. We should have a stop loss in place at 39.45 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, 39.36, 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.

KL Ratings for March 20:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	38.75
P2	38.67	37.20	42.67
P3	39.36	39.35	46.66

Support and Resistance Plot Chart for KL

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