When we read the charts for Glatfelter Corp (NYSE: GLT) we are able to reach conclusion that are not otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for GLT and it demonstrates this practice. This data is current, but it is not real time. 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 | Weak | Strong |
P1 | 0 | 0 | 14.23 |
P2 | 15.86 | 16.03 | 16.37 |
P3 | 16.26 | 16.54 | 18.40 |
Long Term Trading Plans for GLT
February 17, 2021, 10:45 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 14.23 with an upside target of 16.37. This data also tells us to set a stop loss @ 14.19 to protect against excessive loss in case the stock begins to move against the trade. 14.23 is the first level of support below 16.25 , and by rule, any test of support is a buy signal. In this case, support 14.23 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 16.37 with a downside target of 14.23. We should have a stop loss in place at 16.42though. 16.37 is the first level of resistance above 16.25, and by rule, any test of resistance is a short signal. In this case, if resistance 16.37 is being tested, so a short signal would exist.