Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 63.24, is being tested a short signal would exist. By rule, any test of resistance is a short signal.
We should have a stop loss in place at 63.42 though in case the stock begins to move against the trade.
The technical summary data is suggesting a short of DASH if it tests 63.24 with a downside target of 59.88. Short DASH slightly near 63.24, target 59.88, Stop Loss 63.42.Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 63.24, initial resistance, would be breaking higher, so a buy signal would exist. 63.24 is the first level of resistance above 60.67, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 63.06 in case the stock turns against the trade. If 63.24 begins to break higher, the technical summary data tells us to buy DASH just slightly over 63.24, with an upside target of n/a. Buy DASH slightly over 63.24, target n/a, Stop Loss 63.06 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 60.67, 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.
#DASH STOCK TARGET PRICE UPDATE#
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.
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