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Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Weak | Weak |
P1 | 0 | 0 | 3.66 |
P2 | 15.76 | 16.31 | 11.99 |
P3 | 16.65 | 17.63 | 19.15 |
Long Term Trading Plans for CRS
October 30, 2020, 2:45 pm ET
The Technical Summary and Trading Plans for CRS 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 CRS Report.
CRS - (Long) Support Plan
The technical summary data tells us to buy CRS near 11.99 with an upside target of 19.15. This data also tells us to set a stop loss @ 11.96 to protect against excessive loss in case the stock begins to move against the trade. 11.99 is the first level of support below 17.46 , and by rule, any test of support is a buy signal. In this case, support 11.99 is being tested, a buy signal would exist.
CRS - (Short) Resistance Plan
The technical summary data is suggesting a short of CRS as it gets near 19.15 with a downside target of 11.99. We should have a stop loss in place at 19.21 though. 19.15 is the first level of resistance above 17.46, and by rule, any test of resistance is a short signal. In this case, if resistance 19.15 is being tested, a short signal would exist.