Learn to Evaluate Manitowoc (MTW) using the Charts

October 06, 2022, 21:30 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Manitowoc (NYSE: MTW) report below can help you understand how to do this. The trading plans for MTW, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for MTW

• Buy MTW slightly over 8.40 target 9.74 stop loss @ 8.38 Details

The technical summary data tells us to buy MTW near 8.40 with an upside target of 9.74. This data also tells us to set a stop loss @ 8.38 to protect against excessive loss in case the stock begins to move against the trade. 8.40 is the first level of support below 8.45 , and by rule, any test of support is a buy signal. In this case, support 8.40 is being tested, a buy signal would exist.

• Short MTW slightly under 9.74, target 8.40, stop loss @ 9.77 Details

The technical summary data is suggesting a short of MTW as it gets near 9.74 with a downside target of 8.40. We should have a stop loss in place at 9.77though. 9.74 is the first level of resistance above 8.45, and by rule, any test of resistance is a short signal. In this case, if resistance 9.74 is being tested, a short signal would exist.

Swing Trading Plans for MTW

• Buy MTW slightly over 9.74, target n/a, Stop Loss @ 9.71 Details

If 9.74 begins to break higher, the technical summary data tells us to buy MTW just slightly over 9.74, with an upside target of n/a. The data also tells us to set a stop loss @ 9.71 in case the stock turns against the trade. 9.74 is the first level of resistance above 8.45, and by rule, any break above resistance is a buy signal. In this case, 9.74, 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 MTW slightly near 9.74, target 8.40, Stop Loss @ 9.77. Details

The technical summary data is suggesting a short of MTW if it tests 9.74 with a downside target of 8.40. We should have a stop loss in place at 9.77 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, 9.74, 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 MTW

• Buy MTW slightly over 8.47, target 9.74, Stop Loss @ 8.45 Details

If 8.47 begins to break higher, the technical summary data tells us to buy MTW just slightly over 8.47, with an upside target of 9.74. The data also tells us to set a stop loss @ 8.45 in case the stock turns against the trade. 8.47 is the first level of resistance above 8.45, and by rule, any break above resistance is a buy signal. In this case, 8.47, 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 MTW slightly near 8.47, target 8.03, Stop Loss @ 8.49. Details

The technical summary data is suggesting a short of MTW if it tests 8.47 with a downside target of 8.03. We should have a stop loss in place at 8.49 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, 8.47, 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.

MTW Ratings for October 06:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	6.97
P2	8.03	7.60	8.40
P3	8.47	8.26	9.74

Support and Resistance Plot Chart for MTW

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