The data also tells us to set a stop loss 89.42 in case the stock turns against the trade. If 89.63 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 89.63, with an upside target of 91.49. Buy SPOT slightly slightly over 89.63, target 91.49, Stop Loss 89.42 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 89.63, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 89.89 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of SPOT if it tests 89.63 with a downside target of 83.90. Short SPOT slightly near 89.63, target 83.90, Stop Loss 89.89.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 89.63, initial resistance, would be breaking higher, so a buy signal would exist. 89.63 is the first level of resistance above 88.01, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 89.37 in case the stock turns against the trade. If 89.63 begins to break higher, the technical summary data tells us to buy SPOT just slightly over 89.63, with an upside target of 99.73. Buy SPOT slightly slightly over 89.63, target 99.73, Stop Loss 89.37 Details.In this case, if resistance 99.73 is being tested, a short signal would exist. 99.73 is the first level of resistance above 88.01, and by rule, any test of resistance is a short signal.
We should have a stop loss in place at 100.02though. The technical summary data is suggesting a short of SPOT as it gets near 99.73 with a downside target of 68.54. Short SPOT slightly under 99.73, target 68.54, stop loss 100.02 Details.In this case, support 68.54 is being tested, a buy signal would exist. 68.54 is the first level of support below 88.01, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 68.34 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy SPOT near 68.54 with an upside target of 99.73.
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