SCHL - When the Price of Scholastic #SCHL Talks People Listen
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Scholastic (NASDAQ: SCHL) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for SCHL can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. 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 | |||
| Weak | |||
| Strong | |||
| Neutral | |||
| P1 | |||
| 0 | |||
| 0 | |||
| 22.50 | |||
| P2 | |||
| 30.30 | |||
| 29.70 | |||
| 26.44 | |||
| P3 | |||
| 30.86 | |||
| 30.93 | |||
| 30.77 |
Long Term Trading Plans for SCHL
April 28, 2021, 7:45 pm ET
The Technical Summary and Trading Plans for SCHL 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 SCHL Report.
SCHL - (Long) Support Plan
The technical summary data tells us to buy SCHL near 26.44 with an upside target of 30.77. This data also tells us to set a stop loss @ 26.36 to protect against excessive loss in case the stock begins to move against the trade. 26.44 is the first level of support below 30.48 , and by rule, any test of support is a buy signal. In this case, support 26.44 is being tested, a buy signal would exist.
SCHL - (Short) Resistance Plan
The technical summary data is suggesting a short of SCHL as it gets near 30.77 with a downside target of 26.44. We should have a stop loss in place at 30.86though. 30.77 is the first level of resistance above 30.48, and by rule, any test of resistance is a short signal. In this case, if resistance 30.77 is being tested, a short signal would exist.