Trading Gap $GPS With Integrated Risk Controls

March 09, 2023, 16:23 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Gap (NYSE: GPS) report below can help you, but we have more details too. The trading plans for GPS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for GPS

• Buy GPS slightly over 8.20 target 10.98 stop loss @ 8.18 Details

The technical summary data tells us to buy GPS near 8.20 with an upside target of 10.98. This data also tells us to set a stop loss @ 8.18 to protect against excessive loss in case the stock begins to move against the trade. 8.20 is the first level of support below 10.87 , and by rule, any test of support is a buy signal. In this case, support 8.20 would be being tested, so a buy signal would exist.

• Short GPS slightly under 10.98, target 8.20, stop loss @ 11.01 Details

The technical summary data is suggesting a short of GPS as it gets near 10.98 with a downside target of 8.20. We should have a stop loss in place at 11.01though. 10.98 is the first level of resistance above 10.87, and by rule, any test of resistance is a short signal. In this case, if resistance 10.98 is being tested, so a short signal would exist.

Swing Trading Plans for GPS

• Buy GPS slightly over 10.98, target 11.84, Stop Loss @ 10.95 Details

If 10.98 begins to break higher, the technical summary data tells us to buy GPS just slightly over 10.98, with an upside target of 11.84. The data also tells us to set a stop loss @ 10.95 in case the stock turns against the trade. 10.98 is the first level of resistance above 10.87, and by rule, any break above resistance is a buy signal. In this case, 10.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GPS slightly near 10.98, target 8.20, Stop Loss @ 11.01. Details

The technical summary data is suggesting a short of GPS if it tests 10.98 with a downside target of 8.20. We should have a stop loss in place at 11.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for GPS

• Buy GPS slightly over 10.98, target 11.99, Stop Loss @ 10.95 Details

If 10.98 begins to break higher, the technical summary data tells us to buy GPS just slightly over 10.98, with an upside target of 11.99. The data also tells us to set a stop loss @ 10.95 in case the stock turns against the trade. 10.98 is the first level of resistance above 10.87, and by rule, any break above resistance is a buy signal. In this case, 10.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short GPS slightly near 10.98, target 8.20, Stop Loss @ 11.01. Details

The technical summary data is suggesting a short of GPS if it tests 10.98 with a downside target of 8.20. We should have a stop loss in place at 11.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 10.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

GPS Ratings for March 09:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	8.20
P2	11.67	11.84	10.98
P3	11.99	12.40	13.99

Support and Resistance Plot Chart for GPS

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