How the price action of Technicfmc Plc (FTI) is used to our Advantage

July 22, 2021, 00:15 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

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  Technicfmc Plc (NYSE: FTI) data table below can help you with price action, and we have more details too. Trading plans for FTI 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.

Longer Term Trading Plans for FTI

• Buy FTI slightly over 7.51 target 9.20 stop loss @ 7.49 Details

The technical summary data tells us to buy FTI near 7.51 with an upside target of 9.20. This data also tells us to set a stop loss @ 7.49 to protect against excessive loss in case the stock begins to move against the trade. 7.51 is the first level of support below 7.85 , and by rule, any test of support is a buy signal. In this case, support 7.51 would be being tested, so a buy signal would exist.

• Short FTI under 9.20, target 7.51, stop loss @ 9.23 Details

The technical summary data is suggesting a short of FTI as it gets near 9.20 with a downside target of 7.51. We should have a stop loss in place at 9.23though. 9.20 is the first level of resistance above 7.85, and by rule, any test of resistance is a short signal. In this case, if resistance 9.20 is being tested, so a short signal would exist.

Swing Trading Plans for FTI

• Buy FTI slightly over 9.20, target 11.09, Stop Loss @ 9.17 Details

If 9.20 begins to break higher, the technical summary data tells us to buy FTI just slightly over 9.20, with an upside target of 11.09. The data also tells us to set a stop loss @ 9.17 in case the stock turns against the trade. 9.20 is the first level of resistance above 7.85, and by rule, any break above resistance is a buy signal. In this case, 9.20, 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 FTI near 9.20, target 7.63, Stop Loss @ 9.23. Details

The technical summary data is suggesting a short of FTI if it tests 9.20 with a downside target of 7.63. We should have a stop loss in place at 9.23 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, 9.20, 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 FTI

• Buy FTI slightly over 9.20, target 11.09, Stop Loss @ 9.18 Details

If 9.20 begins to break higher, the technical summary data tells us to buy FTI just slightly over 9.20, with an upside target of 11.09. The data also tells us to set a stop loss @ 9.18 in case the stock turns against the trade. 9.20 is the first level of resistance above 7.85, and by rule, any break above resistance is a buy signal. In this case, 9.20, 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 FTI near 9.20, target 7.83, Stop Loss @ 9.22. Details

The technical summary data is suggesting a short of FTI if it tests 9.20 with a downside target of 7.83. We should have a stop loss in place at 9.22 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, 9.20, 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.

FTI Ratings for July 22:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	7.51
P2	7.24	7.08	9.20
P3	7.83	7.63	11.09

Support and Resistance Plot Chart for FTI

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