Powershares Global Gold & Prec $PSAU Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Neutral |
| P1 | 15.75 | 15.29 | 13.51 |
| P2 | 16.03 | 16.26 | 15.23 |
| P3 | 16.38 | 17.27 | 16.93 |
Support and Resistance Plot Chart for PSAU
Long Term Trading Plans for PSAU
November 26, 2018, 11:45 pm ET
The Technical Summary and Trading Plans for PSAU 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 PSAU Report.
PSAU - (Long) Support Plan
The technical summary data tells us to buy PSAU near 15.23 with an upside target of 16.93. This data also tells us to set a stop loss @ 14.97 to protect against excessive loss in case the stock begins to move against the trade. 15.23 is the first level of support below 16.03 , and by rule, any test of support is a buy signal. In this case, support 15.23 is being tested, a buy signal would exist.
PSAU - (Short) Resistance Plan
The technical summary data is suggesting a short of PSAU as it gets near 16.93 with a downside target of 15.23. We should have a stop loss in place at 17.19 though. 16.93 is the first level of resistance above 16.03, and by rule, any test of resistance is a short signal. In this case, if resistance 16.93 is being tested, a short signal would exist.
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