July 20, 2024, 5:50 PM ET, BY Rolland S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for CRDO

• Buy CRDO slightly above 25.97, target 30.44 stop loss @ 25.89 Details

The technical summary data tells us to buy CRDO near 25.97 with an upside target of 30.44. This data also tells us to set a stop loss at 25.89 to protect against excessive loss in case the stock starts to move against the trade. 25.97 is the first support level below 29.5, and as a rule, any test of support is a buy signal. In this case, if support 25.97 is tested, there would be a buy signal.

• Short CRDO slightly below 30.44, target 25.97, stop loss @ 30.53 Details

The technical summary data suggests a short of CRDO as it is approaching 30.44 with a downside target of 25.97. However, we should have a stop loss at 30.53. 30.44 is the first resistance level above 29.5, and as a rule, any test of resistance is a short signal. In this case, if resistance 30.44 is tested, there would be a short signal.

Swing Trading Plans for CRDO

• Buy CRDO slightly above 29.84, target 30.44, Stop Loss @ 29.75 Details

If 29.84 starts to rise, the technical summary data tells us to buy CRDO just above 29.84, with an upside target of 30.44. The data also tells us to set a stop loss at 29.75 in case the stock turns against the trade. 29.84 is the first resistance level above 29.5, and as a rule, any break above resistance is a buy signal. In this case, 29.84, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short CRDO something around 29.84, target price 25.97, stop loss @ 29.93. Details

The technical summary data suggests a short of CRDO if it tests 29.84 with a downside target of 25.97. However, we should have a stop loss at 29.93 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 29.84, is tested. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Day Trading Plans for CRDO

• Buy CRDO slightly above 29.84, target 30.44, Stop Loss @ 29.77 Details

If 29.84 starts to rise, the technical summary data tells us to buy CRDO just above 29.84, with an upside target of 30.44. The data also tells us to set a stop loss at 29.77 in case the stock turns against the trade. 29.84 is the first resistance level above 29.5, and as a rule, any break above resistance is a buy signal. In this case, 29.84, the initial resistance, would rise, so there would be a buy signal. Since this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short CRDO something around 29.84, target price 28.62, stop loss @ 29.91. Details

The technical summary data suggests a short of CRDO if it tests 29.84 with a downside target of 28.62. However, we should have a stop loss at 29.91 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 29.84, is tested. Since this plan is a short plan based on a test of resistance, it is called a Short Resistance Plan.

Check the timestamp on this data. Updated AI-generated signals for Credo Technology Group Holding Ltd (CRDO) available here: CRDO.

CRDO Assessments for July 20:

Term →	Near	Middle	Long
Judgement	Weak	Strong	Strong
P1	0	0	21.73
P2	28.62	29.84	25.97
P3	31.5	32.57	30.44

AI Generated Signals for CRDO

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With an objective approach to Credo Technology Group Holding Ltd (NASDAQ: CRDO) Stock Traders Daily attempts to go with the market flow by using a combination of market analysis and stock analysis.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if CRDO tests support buy signals surface, and resistance is the target. Conversely, if resistance is tested, that is a sign to control risk or go short, and support would accordingly be the downside target. In any 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 also acts as a level of risk control.

Swing trades, day trades and long-term trading plans:

This data is refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for CRDO. All of these are provided below the summary table.