L3 Technologies $LLL is Weak Midterm
L3 Technologies LLL is Weak Midterm and it is close to important inflection. Look at long term P1.
Long Term Trading Plans for LLL
May 11, 2018, 8:20 am ET
The technical Summary and associated Trading Plans for LLL listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for LLL. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.
LLL - (Long) Support Plan
Buy over 194.06 target 210.94 stop loss @ 193.8.
The technical summary data tells us to buy LLL near 194.06 with an upside target of 210.94. This data also tells us to set a stop loss @ 193.8 to protect against excessive loss in case the stock begins to move against the trade. 194.06 is the first level of support below 195.55 , and by rule, any test of support is a buy signal. In this case, support 194.06 would be being tested, so a buy signal would exist.
LLL - (Short) Resistance Plan
Short under 210.94 target 194.06 stop loss @ 211.2.
The technical summary data is suggesting a short of LLL as it gets near 210.94 with a downside target of 194.06. We should have a stop loss in place at 211.2 though. 210.94 is the first level of resistance above 195.55, and by rule, any test of resistance is a short signal. In this case, if resistance 210.94 is being tested, so a short signal would exist.