Invesco Dynamic Pharmaceut $PJP Trading Report
Technical Summary
Term → | Near | Mid | Long |
---|---|---|---|
Rating | Strong | Neutral | Neutral |
P1 | 0 | 0 | 58.74 |
P2 | 65.59 | 65.50 | 64.41 |
P3 | 67.18 | 66.82 | 69.29 |
Support and Resistance Plot Chart for PJP
Long Term Trading Plans for PJP
August 11, 2020, 2:15 pm ET
The Technical Summary and Trading Plans for PJP 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 PJP Report.
PJP - (Long) Support Plan
The technical summary data tells us to buy PJP near 64.41 with an upside target of 69.29. This data also tells us to set a stop loss @ 64.15 to protect against excessive loss in case the stock begins to move against the trade. 64.41 is the first level of support below 65.97 , and by rule, any test of support is a buy signal. In this case, support 64.41 is being tested, a buy signal would exist.
PJP - (Short) Resistance Plan
The technical summary data is suggesting a short of PJP as it gets near 69.29 with a downside target of 64.41. We should have a stop loss in place at 69.55 though. 69.29 is the first level of resistance above 65.97, and by rule, any test of resistance is a short signal. In this case, if resistance 69.29 is being tested, a short signal would exist.




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