MDP - Reading the Charts in Meredith MDP to Generate Trading Plans
When we read the #charts for Meredith (NYSE: MDP) we are able to reach a #conclusion that may not be otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for MDP and it demonstrates this practice. 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 | |||
| 25.35 | |||
| P2 | |||
| 35.50 | |||
| 33.99 | |||
| 30.38 | |||
| P3 | |||
| 36.54 | |||
| 35.89 | |||
| 36.40 |
Longer Term Trading Plans for MDP
May 26, 2021, 2:15 pm ET
Our Longer Term Plans for MDP help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this MDP Report.
MDP - (Long) Support Plan
Buy over 30.38 target 36.40 stop loss @ 30.29
MDP - (Short) Resistance Plan
Short under 36.40, target 30.38, stop loss @ 36.51