SEE - Reading the Charts in Sealed Air to Generate Trading Plans

When we read the charts for Sealed Air (NYSE: SEE) we are able to reach conclusion that are not 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 SEE 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

Long Term Trading Plans for SEE

April 8, 2021, 1:00 am ET

The Technical Summary and Trading Plans for SEE 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 SEE Report.

SEE - (Long) Support Plan

The technical summary data tells us to buy SEE near 45.16 with an upside target of 48.55. This data also tells us to set a stop loss @ 45.03 to protect against excessive loss in case the stock begins to move against the trade. 45.16 is the first level of support below 45.21 , and by rule, any test of support is a buy signal. In this case, support 45.16 would be being tested, so a buy signal would exist.

SEE - (Short) Resistance Plan

The technical summary data is suggesting a short of SEE as it gets near 48.55 with a downside target of 45.16. We should have a stop loss in place at 48.69though. 48.55 is the first level of resistance above 45.21, and by rule, any test of resistance is a short signal. In this case, if resistance 48.55 is being tested, so a short signal would exist.