Strong Growth Stock Technical Setups. Analyze technical breakout patterns in stocks which are growing strongly while having decent profitability and health.
Nasdaq / Health Care / Biotechnology
Taking everything into account, HALO scores 7 out of 10 in our technical rating. In the last year, HALO was one of the better performers, but we do observe some doubts in the very recent evolution.
HALO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 59.77, a Stop Loss order could be placed below this zone.
More info and screens
52.13
3 important support areas can be observed.
- A support zone ranging from 58.58 to 59.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.28 to 57.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @52.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.42 to 65.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.17 | 58.57 | 6.60 (10.13%) | 9.87% |
| An entry @65.17. This is a Buy Stop order right above the resistance zone. | An exit @58.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.60 points, which is 10.13%. | For a 1.00% total portfolio risk, you can invest 9.87% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.