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Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Strong | Weak |
P1 | 0 | 0 | 4.21 |
P2 | 42.69 | 43.05 | 26.14 |
P3 | 44.20 | 48.24 | 45.16 |
Long Term Trading Plans for ADS
October 29, 2020, 4:45 am ET
The Technical Summary and Trading Plans for ADS 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 ADS Report.
ADS - (Long) Support Plan
The technical summary data tells us to buy ADS near 26.14 with an upside target of 45.16. This data also tells us to set a stop loss @ 26.06 to protect against excessive loss in case the stock begins to move against the trade. 26.14 is the first level of support below 43.76 , and by rule, any test of support is a buy signal. In this case, support 26.14 is being tested, a buy signal would exist.
ADS - (Short) Resistance Plan
The technical summary data is suggesting a short of ADS as it gets near 45.16 with a downside target of 26.14. We should have a stop loss in place at 45.29 though. 45.16 is the first level of resistance above 43.76, and by rule, any test of resistance is a short signal. In this case, if resistance 45.16 is being tested, a short signal would exist.