pool adsHow to Develop Trading Plans for Plantronics $PLT and other Stocks
According to Stock Traders Daily, a 2-year industry veteran, investors can use the price action in Plantronics (NYSE: PLT) to foretell upcoming changes. A current example is provided below. There are trading plans for PLT, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 24.61 |
| P2 | 40.25 | 37.51 | 31.12 |
| P3 | 43.62 | 41.65 | 38.74 |
Support and Resistance Plot Chart for PLT
Long Term Trading Plans for PLT
March 1, 2021, 4:45 am ET
The Technical Summary and Trading Plans for PLT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this PLT Report.
PLT - (Long) Support Plan
The technical summary data tells us to buy PLT near 38.74, but there is no current upside target from the summary table. 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 data does tell us to set a stop loss 38.63 to protect against excessive loss in case the stock begins to move against the trade. 38.74 is the first level of support below 40.49, and by rule, any test of support is a buy signal. In this case, if support 38.74 is being tested, a buy signal would exist.
PLT - (Short) Resistance Plan
NONE .
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. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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