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

Source: Stock Traders Daily

Longer Term Trading Plans for FTI
  • Buy FTI 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 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 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 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 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 Technical Summary | Raw Data for the Trading Plans

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

FTI Long Term Analysis for July 22 2021


FTI Swing Trading Analysis for July 22 2021


FTI Day Trading Analysis for July 22 2021

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.

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