How to Take Advantage of moves in (RS)

Longer Term Trading Plans for RS

• Buy RS near 290.85 target 312.44 stop loss @ 290.01 Details

The technical summary data tells us to buy RS near 290.85 with an upside target of 312.44. This data also tells us to set a stop loss @ 290.01 to protect against excessive loss in case the stock begins to move against the trade. 290.85 is the first level of support below 307.64 , and by rule, any test of support is a buy signal. In this case, support 290.85 is being tested, a buy signal would exist.

• Short RS slightly under 312.44, target 290.85, stop loss @ 313.34 Details

The technical summary data is suggesting a short of RS as it gets near 312.44 with a downside target of 290.85. We should have a stop loss in place at 313.34though. 312.44 is the first level of resistance above 307.64, and by rule, any test of resistance is a short signal. In this case, if resistance 312.44 is being tested, a short signal would exist.

Swing Trading Plans for RS

• Buy RS slightly over 312.44, target 318.65, Stop Loss @ 311.54 Details

If 312.44 begins to break higher, the technical summary data tells us to buy RS just slightly over 312.44, with an upside target of 318.65. The data also tells us to set a stop loss @ 311.54 in case the stock turns against the trade. 312.44 is the first level of resistance above 307.64, and by rule, any break above resistance is a buy signal. In this case, 312.44, 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 RS slightly near 312.44, target 306.89, Stop Loss @ 313.34. Details

The technical summary data is suggesting a short of RS if it tests 312.44 with a downside target of 306.89. We should have a stop loss in place at 313.34 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, 312.44, 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 RS

• Buy RS slightly over 310.41, target 312.44, Stop Loss @ 309.69 Details

If 310.41 begins to break higher, the technical summary data tells us to buy RS just slightly over 310.41, with an upside target of 312.44. The data also tells us to set a stop loss @ 309.69 in case the stock turns against the trade. 310.41 is the first level of resistance above 307.64, and by rule, any break above resistance is a buy signal. In this case, 310.41, 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 RS slightly near 310.41, target 306.89, Stop Loss @ 311.13. Details

The technical summary data is suggesting a short of RS if it tests 310.41 with a downside target of 306.89. We should have a stop loss in place at 311.13 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, 310.41, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Reliance Steel & Aluminum Co. (de) (RS) available here: RS.

RS Ratings for June 12:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	269.15
P2	305.45	306.89	290.85
P3	310.41	318.65	312.44

AI Generated Signals for RS

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