Investors often shrug off the impact of stimulus, but when fabricated demand comes into the stock market everything is affected, even Invalid Iqfeed Symbol (NYSE: PXH) and other stocks that might not be direct beneficiaries. They say, a rising tide lifts all boats, and multiple expansion is a natural byproduct, but it works in both ways. For PXH we can see the impact demand changes have on price by looking at the trading plans and pivot points below. This changes over time, so we suggest updating the data for the most actionable results, but this static example also demonstrates how this is done. For an update, please request Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Weak | Neutral | Strong |
P1 | 0 | 0 | 21.50 |
P2 | 21.77 | 21.88 | 22.52 |
P3 | 22.09 | 22.29 | 23.57 |
Long Term Trading Plans for PXH
March 29, 2021, 6:45 am ET
The Technical Summary and Trading Plans for PXH 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 PXH Report.
PXH - (Long) Support Plan
The technical summary data tells us to buy PXH near 21.50 with an upside target of 22.52. This data also tells us to set a stop loss @ 21.44 to protect against excessive loss in case the stock begins to move against the trade. 21.50 is the first level of support below 22.44 , and by rule, any test of support is a buy signal. In this case, support 21.50 would be being tested, so a buy signal would exist.
PXH - (Short) Resistance Plan
The technical summary data is suggesting a short of PXH as it gets near 22.52 with a downside target of 21.50. We should have a stop loss in place at 22.59though. 22.52 is the first level of resistance above 22.44, and by rule, any test of resistance is a short signal. In this case, if resistance 22.52 is being tested, so a short signal would exist.