Invalid Iqfeed Symbol $EGN Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Weak | Neutral |
| P1 | 69.69 | 59.84 | 68.87 |
| P2 | 71.68 | 71.16 | 80.32 |
| P3 | 74.24 | 82.14 | 91.42 |
Support and Resistance Plot Chart for EGN
Long Term Trading Plans for EGN
December 5, 2018, 1:30 am ET
The Technical Summary and Trading Plans for EGN 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 EGN Report.
EGN - (Long) Support Plan
The technical summary data tells us to buy EGN near 68.87 with an upside target of 80.32. This data also tells us to set a stop loss @ 68.61 to protect against excessive loss in case the stock begins to move against the trade. 68.87 is the first level of support below 72.12 , and by rule, any test of support is a buy signal. In this case, support 68.87 would be being tested, so a buy signal would exist.
EGN - (Short) Resistance Plan
The technical summary data is suggesting a short of EGN as it gets near 80.32 with a downside target of 68.87. We should have a stop loss in place at 80.58 though. 80.32 is the first level of resistance above 72.12, and by rule, any test of resistance is a short signal. In this case, if resistance 80.32 is being tested, so a short signal would exist.
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