This price action in Glatfelter Corp (NYSE: GLT) can help investors find opportunity, and manage risk. Stock Traders Daily has demonstrated that in this article. Review The plans for GLT below, and you will see how this works. Keep in mind, this data is current, but it is not real time. If you want a 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 | Weak | Strong |
P1 | 0 | 0 | 15.61 |
P2 | 16.73 | 16.66 | 17.16 |
P3 | 17.06 | 17.05 | 18.86 |
Long Term Trading Plans for GLT
April 14, 2021, 6:00 am ET
The Technical Summary and Trading Plans for GLT 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 GLT Report.
GLT - (Long) Support Plan
The technical summary data tells us to buy GLT near 15.61 with an upside target of 17.16. This data also tells us to set a stop loss @ 15.56 to protect against excessive loss in case the stock begins to move against the trade. 15.61 is the first level of support below 16.98 , and by rule, any test of support is a buy signal. In this case, support 15.61 would be being tested, so a buy signal would exist.
GLT - (Short) Resistance Plan
The technical summary data is suggesting a short of GLT as it gets near 17.16 with a downside target of 15.61. We should have a stop loss in place at 17.21though. 17.16 is the first level of resistance above 16.98, and by rule, any test of resistance is a short signal. In this case, if resistance 17.16 is being tested, so a short signal would exist.