Should i invest in plug stock11/23/2023 ![]() ![]() In this case, 12.66, initial resistance, would be breaking higher, so a buy signal would exist. 12.66 is the first level of resistance above 12.33, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 12.63 in case the stock turns against the trade. If 12.66 begins to break higher, the technical summary data tells us to buy PLUG just slightly over 12.66, with an upside target of 13.82. Buy PLUG slightly over 12.66, target 13.82, Stop Loss 12.63 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, 12.66, 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 12.7 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of PLUG if it tests 12.66 with a downside target of 10.73. Short PLUG slightly near 12.66, target 10.73, Stop Loss 12.7.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. The data also tells us to set a stop loss 12.62 in case the stock turns against the trade. Buy PLUG slightly over 12.66, target 13.82, Stop Loss 12.62 Details.Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky. There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. In this case, if support 10.73 is being tested, a buy signal would exist. 10.73 is the first level of support below 12.33, and by rule, any test of support is a buy signal. The data does tell us to set a stop loss 10.7 to protect against excessive loss in case the stock begins to move against the trade. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The technical summary data tells us to buy PLUG near 10.73, but there is no current upside target from the summary table. ![]() Buy PLUG slightly over 10.73 target n/a stop loss 10.7. ![]()
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