Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
December 07, 2024, 04:08 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy VERA near 46.42 with an upside target of 56.93. This data also tells us to set a stop loss @ 46.29 to protect against excessive loss in case the stock begins to move against the trade. 46.42 is the first level of support below 48.46 , and by rule, any test of support is a buy signal. In this case, support 46.42 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of VERA as it gets near 56.93 with a downside target of 46.42. We should have a stop loss in place at 57.09though. 56.93 is the first level of resistance above 48.46, and by rule, any test of resistance is a short signal. In this case, if resistance 56.93 is being tested, a short signal would exist.
If 49 begins to break higher, the technical summary data tells us to buy VERA just slightly over 49, with an upside target of 51.36. The data also tells us to set a stop loss @ 48.86 in case the stock turns against the trade. 49 is the first level of resistance above 48.46, and by rule, any break above resistance is a buy signal. In this case, 49, 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.
The technical summary data is suggesting a short of VERA if it tests 49 with a downside target of 46.42. We should have a stop loss in place at 49.14 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, 49, 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.
If 49 begins to break higher, the technical summary data tells us to buy VERA just slightly over 49, with an upside target of 49.65. The data also tells us to set a stop loss @ 48.89 in case the stock turns against the trade. 49 is the first level of resistance above 48.46, and by rule, any break above resistance is a buy signal. In this case, 49, 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.
The technical summary data is suggesting a short of VERA if it tests 49 with a downside target of 48.38. We should have a stop loss in place at 49.11 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, 49, 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.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Trading Vera Therapeutics Inc. (NASDAQ: VERA) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.