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August 10, 2024, 02:52 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy APPN near 24.56 with an upside target of 29.43. This data also tells us to set a stop loss @ 24.49 to protect against excessive loss in case the stock begins to move against the trade. 24.56 is the first level of support below 28.23 , and by rule, any test of support is a buy signal. In this case, support 24.56 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of APPN as it gets near 29.43 with a downside target of 24.56. We should have a stop loss in place at 29.51though. 29.43 is the first level of resistance above 28.23, and by rule, any test of resistance is a short signal. In this case, if resistance 29.43 is being tested, so a short signal would exist.
If 28.52 begins to break higher, the technical summary data tells us to buy APPN just slightly over 28.52, with an upside target of 29.43. The data also tells us to set a stop loss @ 28.44 in case the stock turns against the trade. 28.52 is the first level of resistance above 28.23, and by rule, any break above resistance is a buy signal. In this case, 28.52, 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.
The technical summary data is suggesting a short of APPN if it tests 28.52 with a downside target of 24.56. We should have a stop loss in place at 28.6 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, 28.52, 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.
If 28.52 begins to break higher, the technical summary data tells us to buy APPN just slightly over 28.52, with an upside target of 29.43. The data also tells us to set a stop loss @ 28.45 in case the stock turns against the trade. 28.52 is the first level of resistance above 28.23, and by rule, any break above resistance is a buy signal. In this case, 28.52, 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.
The technical summary data is suggesting a short of APPN if it tests 28.52 with a downside target of 27.73. We should have a stop loss in place at 28.59 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, 28.52, 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.
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Appian Corporation (NASDAQ: APPN) report below can help you understand how to do this. The trading plans for APPN, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.