2/1/2024 0 Comments Dash stock![]() ![]() The technical summary data is suggesting a short of DASH if it tests 62.13 with a downside target of 59.59. Short DASH slightly near 62.13, target 59.59, Stop Loss 62.31.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 62.13, initial resistance, would be breaking higher, so a buy signal would exist. 62.13 is the first level of resistance above 59.855, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 61.95 in case the stock turns against the trade. If 62.13 begins to break higher, the technical summary data tells us to buy DASH just slightly over 62.13, with an upside target of n/a. Buy DASH slightly over 62.13, target n/a, Stop Loss 61.95 Details.Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky. There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. In this case, if support 58.12 is being tested, a buy signal would exist. 58.12 is the first level of support below 59.855, and by rule, any test of support is a buy signal. The data does tell us to set a stop loss 57.95 to protect against excessive loss in case the stock begins to move against the trade. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The technical summary data tells us to buy DASH near 58.12, but there is no current upside target from the summary table. Buy DASH slightly over 58.12 target n/a stop loss 57.95.
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