HCSG - How Stock Traders Daily uses Price Action in Healthcare Services Group #HCSG to Define Opportunity and Risk
Both #opportunity and #risks can be drawn from looking at the #priceaction in Healthcare Services Group (NASDAQ: HCSG). This is a practice commonly referred to as reading the charts. The summary data for HCSG below demonstrates this, and there are trading plans that help investors understand how to utilize the data too. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
| Term ? | Near | Mid | Long |
|---|---|---|---|
| Bias | |||
| Strong | |||
| Strong | |||
| Strong | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 25.97 | |||
| P2 | |||
| 30.12 | |||
| 29.23 | |||
| 29.19 | |||
| P3 | |||
| 31.94 | |||
| 30.99 | |||
| 32.95 |
Long Term Trading Plans for HCSG
April 24, 2021, 5:30 am ET
The Technical Summary and Trading Plans for HCSG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this HCSG Report.
HCSG - (Long) Support Plan
The technical summary data tells us to buy HCSG near 29.19 with an upside target of 32.95. This data also tells us to set a stop loss @ 29.11 to protect against excessive loss in case the stock begins to move against the trade. 29.19 is the first level of support below 31.96 , and by rule, any test of support is a buy signal. In this case, support 29.19 is being tested, a buy signal would exist.
HCSG - (Short) Resistance Plan
The technical summary data is suggesting a short of HCSG as it gets near 32.95 with a downside target of 29.19. We should have a stop loss in place at 33.05though. 32.95 is the first level of resistance above 31.96, and by rule, any test of resistance is a short signal. In this case, if resistance 32.95 is being tested, a short signal would exist.