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November 01, 2024, 23:28 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy GSSC near 65.78 with an upside target of 68.95. This data also tells us to set a stop loss @ 65.59 to protect against excessive loss in case the stock begins to move against the trade. 65.78 is the first level of support below 68.4248 , and by rule, any test of support is a buy signal. In this case, support 65.78 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of GSSC as it gets near 68.95 with a downside target of 65.78. We should have a stop loss in place at 69.15though. 68.95 is the first level of resistance above 68.4248, and by rule, any test of resistance is a short signal. In this case, if resistance 68.95 is being tested, so a short signal would exist.

If 68.95 begins to break higher, the technical summary data tells us to buy GSSC just slightly over 68.95, with an upside target of 69.16. The data also tells us to set a stop loss @ 68.75 in case the stock turns against the trade. 68.95 is the first level of resistance above 68.4248, and by rule, any break above resistance is a buy signal. In this case, 68.95, 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 GSSC if it tests 68.95 with a downside target of 67.65. We should have a stop loss in place at 69.15 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, 68.95, 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 68.95 begins to break higher, the technical summary data tells us to buy GSSC just slightly over 68.95, with an upside target of 69.16. The data also tells us to set a stop loss @ 68.79 in case the stock turns against the trade. 68.95 is the first level of resistance above 68.4248, and by rule, any break above resistance is a buy signal. In this case, 68.95, 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 GSSC if it tests 68.95 with a downside target of 67.65. We should have a stop loss in place at 69.11 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, 68.95, 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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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Goldman Sachs Activebeta U.s. Small Cap Equity Etf (NASDAQ: GSSC) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for GSSC can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.