Often, the action in a #stock is based on #investor perceptions, but it can be a circular event. Not only is the #priceaction representative of perception, but it can influence perception too. In the case of Reliance Steel (NYSE: RS) we can see this in the charts. The data for RS in the summary table and trading plans below are intended to provide an example of how to extrapolate this. Our 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 | Strong |
P1 | 0 | 0 | 143.56 |
P2 | 166.80 | 162.94 | 154.28 |
P3 | 169.72 | 167.69 | 165.98 |
Longer Term Trading Plans for RS
May 28, 2021, 7:45 am ET
Our Longer Term Plans for RS 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 RS Report.
RS - (Long) Support Plan
Buy over 165.98 target n/a stop loss @ 165.5.
RS - (Short) Resistance Plan
NONE .