pool adsUsing the Action in Sonic Automotive #SAH to our Advantage
Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Sonic Automotive (NYSE: SAH) data table below can help you with price action, and we have more details too. Trading plans for SAH are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Neutral | Strong |
| P1 | 0 | 0 | 45.82 |
| P2 | 50.41 | 48.28 | 51.36 |
| P3 | 51.77 | 51.15 | 56.84 |
Support and Resistance Plot Chart for SAH
Longer Term Trading Plans for SAH
May 18, 2021, 5:15 pm ET
Our Longer Term Plans for SAH help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this SAH Report.
SAH - (Long) Support Plan
Buy over 45.82 target 51.36 stop loss @ 45.69
SAH - (Short) Resistance Plan
Short under 51.36, target 45.82, stop loss @ 51.51
Blue = Current Price
Red= Resistance
Green = Support
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