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When (RCMT) Moves Investors should Listen

Longer Term Trading Plans for RCMT
  • Buy RCMT slightly over 28.25 target 31.37 stop loss @ 28.17 Details
  • The technical summary data tells us to buy RCMT near 28.25 with an upside target of 31.37. This data also tells us to set a stop loss @ 28.17 to protect against excessive loss in case the stock begins to move against the trade. 28.25 is the first level of support below 28.49 , and by rule, any test of support is a buy signal. In this case, support 28.25 is being tested, a buy signal would exist.

  • Short RCMT slightly under 31.37, target 28.25, stop loss @ 31.46 Details
  • The technical summary data is suggesting a short of RCMT as it gets near 31.37 with a downside target of 28.25. We should have a stop loss in place at 31.46though. 31.37 is the first level of resistance above 28.49, and by rule, any test of resistance is a short signal. In this case, if resistance 31.37 is being tested, a short signal would exist.

Swing Trading Plans for RCMT
  • Buy RCMT slightly over 31.37, target n/a, Stop Loss @ 31.28 Details
  • If 31.37 begins to break higher, the technical summary data tells us to buy RCMT just slightly over 31.37, with an upside target of n/a. The data also tells us to set a stop loss @ 31.28 in case the stock turns against the trade. 31.37 is the first level of resistance above 28.49, and by rule, any break above resistance is a buy signal. In this case, 31.37, 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 RCMT slightly near 31.37, target 28.25, Stop Loss @ 31.46. Details
  • The technical summary data is suggesting a short of RCMT if it tests 31.37 with a downside target of 28.25. We should have a stop loss in place at 31.46 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, 31.37, 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 RCMT
  • Buy RCMT slightly over 31.37, target n/a, Stop Loss @ 31.3 Details
  • If 31.37 begins to break higher, the technical summary data tells us to buy RCMT just slightly over 31.37, with an upside target of n/a. The data also tells us to set a stop loss @ 31.3 in case the stock turns against the trade. 31.37 is the first level of resistance above 28.49, and by rule, any break above resistance is a buy signal. In this case, 31.37, 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 RCMT slightly near 31.37, target 28.35, Stop Loss @ 31.44. Details
  • The technical summary data is suggesting a short of RCMT if it tests 31.37 with a downside target of 28.35. We should have a stop loss in place at 31.44 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, 31.37, 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.

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RCMT Ratings for February 12:

Term →Near Mid Long
Rating Strong Weak Strong
P1 0 0 25.09
P2 27.91 26.25 28.25
P3 28.35 27.63 31.37
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Support and Resistance Plot Chart for RCMT

RCMT Long Term Analysis for February 12 2024

Blue = Current Price
Red= Resistance
Green = Support

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Rcm Technologies Inc. (NASDAQ: RCMT) report below is a real world example. Included are trading plans for RCMT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports