Life Buzz News

$L | How to Take Advantage of moves in ($L) (L)

By Thomas Kee

$L | How to Take Advantage of moves in ($L) (L)

The technical summary data tells us to buy L near 82.81 with an upside target of 86.19. This data also tells us to set a stop loss @ 82.57 to protect against excessive loss in case the stock begins to move against the trade. 82.81 is the first level of support below 84.18 , and by rule, any test of support is a buy signal. In this case, support 82.81 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of L as it gets near 86.19 with a downside target of 82.81. We should have a stop loss in place at 86.44though. 86.19 is the first level of resistance above 84.18, and by rule, any test of resistance is a short signal. In this case, if resistance 86.19 is being tested, a short signal would exist.

Previous articleNext article

POPULAR CATEGORY

corporate

10472

tech

11384

entertainment

12802

research

5884

misc

13751

wellness

10218

athletics

13614