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How the (NAIL) price action is used to our Advantage

Longer Term Trading Plans for NAIL
  • Buy NAIL slightly over 117.28 target 142.74 stop loss @ 116.94 Details
  • The technical summary data tells us to buy NAIL near 117.28 with an upside target of 142.74. This data also tells us to set a stop loss @ 116.94 to protect against excessive loss in case the stock begins to move against the trade. 117.28 is the first level of support below 134.85 , and by rule, any test of support is a buy signal. In this case, support 117.28 is being tested, a buy signal would exist.

  • Short NAIL slightly under 142.74, target 117.28, stop loss @ 143.15 Details
  • The technical summary data is suggesting a short of NAIL as it gets near 142.74 with a downside target of 117.28. We should have a stop loss in place at 143.15though. 142.74 is the first level of resistance above 134.85, and by rule, any test of resistance is a short signal. In this case, if resistance 142.74 is being tested, a short signal would exist.

Swing Trading Plans for NAIL
  • Buy NAIL slightly over 140.35, target 142.74, Stop Loss @ 139.94 Details
  • If 140.35 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 140.35, with an upside target of 142.74. The data also tells us to set a stop loss @ 139.94 in case the stock turns against the trade. 140.35 is the first level of resistance above 134.85, and by rule, any break above resistance is a buy signal. In this case, 140.35, 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 NAIL slightly near 140.35, target 117.28, Stop Loss @ 140.76. Details
  • The technical summary data is suggesting a short of NAIL if it tests 140.35 with a downside target of 117.28. We should have a stop loss in place at 140.76 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, 140.35, 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 NAIL
  • Buy NAIL slightly over 140.35, target 142.74, Stop Loss @ 140.02 Details
  • If 140.35 begins to break higher, the technical summary data tells us to buy NAIL just slightly over 140.35, with an upside target of 142.74. The data also tells us to set a stop loss @ 140.02 in case the stock turns against the trade. 140.35 is the first level of resistance above 134.85, and by rule, any break above resistance is a buy signal. In this case, 140.35, 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 NAIL slightly near 140.35, target 131.85, Stop Loss @ 140.68. Details
  • The technical summary data is suggesting a short of NAIL if it tests 140.35 with a downside target of 131.85. We should have a stop loss in place at 140.68 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, 140.35, 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.

Real Time Updates are available on our  Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL) Page here: NAIL.

NAIL Ratings for April 03:

Term →Near Mid Long
Rating Weak Strong Strong
P1 0 0 93.19
P2 131.85 140.35 117.28
P3 144.61 156.33 142.74
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Support and Resistance Plot Chart for NAIL

NAIL Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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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  Direxion Daily Homebuilders & Supplies Bull 3x Shares (NASDAQ: NAIL) data table below can help you with price action, and we have more details too. Trading plans for NAIL 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.