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December 12, 2024, 01:10 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy LPX near 111.98 with an upside target of 119.94. This data also tells us to set a stop loss @ 111.66 to protect against excessive loss in case the stock begins to move against the trade. 111.98 is the first level of support below 117.15 , and by rule, any test of support is a buy signal. In this case, support 111.98 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of LPX as it gets near 119.94 with a downside target of 111.98. We should have a stop loss in place at 120.29though. 119.94 is the first level of resistance above 117.15, and by rule, any test of resistance is a short signal. In this case, if resistance 119.94 is being tested, a short signal would exist.
If 119.94 begins to break higher, the technical summary data tells us to buy LPX just slightly over 119.94, with an upside target of n/a. The data also tells us to set a stop loss @ 119.59 in case the stock turns against the trade. 119.94 is the first level of resistance above 117.15, and by rule, any break above resistance is a buy signal. In this case, 119.94, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of LPX if it tests 119.94 with a downside target of 116.25. We should have a stop loss in place at 120.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 119.94, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 118.26 begins to break higher, the technical summary data tells us to buy LPX just slightly over 118.26, with an upside target of 119.94. The data also tells us to set a stop loss @ 117.98 in case the stock turns against the trade. 118.26 is the first level of resistance above 117.15, and by rule, any break above resistance is a buy signal. In this case, 118.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of LPX if it tests 118.26 with a downside target of 116.3. We should have a stop loss in place at 118.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 118.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Louisiana-pacific Corporation (NYSE: LPX) report below can help you understand how to do this. The trading plans for LPX, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.