pool adsHow to use Psac #PSAC as a Forecasting Tool
#Wallstreet usually prices in events before they happen, and that is as true for Psac (NASDAQ: PSAC) as it is for any other company. If news is anticipated, and investors want to know what to expect, a simple review of the stock's price action is one of the best ways to do that. The price action of PSAC was used to prepare the plans below, it can reflect anticipation, and offer forward looking guidance without the need for analyst's opinions, which are often late and associated with decisions that have already been made anyway. This data changes over time, so we suggest updating the data for the most actionable results. For an update, please request Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 0 | 0 | ERR |
| P2 | 11.73 | 11.53 | 0 |
| P3 | 11.96 | 12.22 | 0 |
Support and Resistance Plot Chart for PSAC
Long Term Trading Plans for PSAC
April 30, 2021, 7:30 pm ET
The Technical Summary and Trading Plans for PSAC 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 PSAC Report.
PSAC - (Long) Support Plan
The technical summary data tells us to buy PSAC near , but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 0 to protect against excessive loss in case the stock begins to move against the trade. is the first level of support below 11.73, and by rule, any test of support is a buy signal. In this case, if support is being tested, a buy signal would exist.
PSAC - (Short) Resistance Plan
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Blue = Current Price
Red= Resistance
Green = Support
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