December 31, 2024, 21:54 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for VATE

• Buy VATE near 4.16 target 5.74 stop loss @ 4.15 Details

The technical summary data tells us to buy VATE near 4.16 with an upside target of 5.74. This data also tells us to set a stop loss @ 4.15 to protect against excessive loss in case the stock begins to move against the trade. 4.16 is the first level of support below 4.94 , and by rule, any test of support is a buy signal. In this case, support 4.16 is being tested, a buy signal would exist.

• Short VATE slightly under 5.74, target 4.16, stop loss @ 5.76 Details

The…