Trading Manpowergroup MAN With Integrated Risk Controls

January 26, 2022, 14:30 pm ET, BY Simon M.- Contributor| 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 Manpowergroup (NYSE: MAN) report below can help you, but we have more details too. The trading plans for MAN, 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 MAN

• Buy MAN slightly over 99.15 target 112.79 stop loss @ 98.86 Details

The technical summary data tells us to buy MAN near 99.15 with an upside target of 112.79. This data also tells us to set a stop loss @ 98.86 to protect against excessive loss in case the stock begins to move against the trade. 99.15 is the first level of support below 104.28 , and by rule, any test of support is a buy signal. In this case, support 99.15 would be being tested, so a buy signal would exist.

• Short MAN under 112.79, target 99.15, stop loss @ 113.12 Details

The technical summary data is suggesting a short of MAN as it gets near 112.79 with a downside target of 99.15. We should have a stop loss in place at 113.12though. 112.79 is the first level of resistance above 104.28, and by rule, any test of resistance is a short signal. In this case, if resistance 112.79 is being tested, so a short signal would exist.

Swing Trading Plans for MAN

• Buy MAN slightly over 108.14, target 112.79, Stop Loss @ 107.83 Details

If 108.14 begins to break higher, the technical summary data tells us to buy MAN just slightly over 108.14, with an upside target of 112.79. The data also tells us to set a stop loss @ 107.83 in case the stock turns against the trade. 108.14 is the first level of resistance above 104.28, and by rule, any break above resistance is a buy signal. In this case, 108.14, 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 MAN near 108.14, target 103.10, Stop Loss @ 108.45. Details

The technical summary data is suggesting a short of MAN if it tests 108.14 with a downside target of 103.10. We should have a stop loss in place at 108.45 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, 108.14, 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 MAN

• Buy MAN slightly over 108.14, target 112.79, Stop Loss @ 107.89 Details

If 108.14 begins to break higher, the technical summary data tells us to buy MAN just slightly over 108.14, with an upside target of 112.79. The data also tells us to set a stop loss @ 107.89 in case the stock turns against the trade. 108.14 is the first level of resistance above 104.28, and by rule, any break above resistance is a buy signal. In this case, 108.14, 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 MAN near 108.14, target 103.10, Stop Loss @ 108.39. Details

The technical summary data is suggesting a short of MAN if it tests 108.14 with a downside target of 103.10. We should have a stop loss in place at 108.39 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, 108.14, 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.

MAN Ratings for January 26:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Neutral
P1	0	0	99.15
P2	100.23	103.10	112.79
P3	102.52	108.14	126.65

Support and Resistance Plot Chart for MAN

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