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December 16, 2024, 03:44 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy NSP near 79.75 with an upside target of 87.17. This data also tells us to set a stop loss @ 79.52 to protect against excessive loss in case the stock begins to move against the trade. 79.75 is the first level of support below 83.37 , and by rule, any test of support is a buy signal. In this case, support 79.75 is being tested, a buy signal would exist.
The technical summary data is suggesting a short of NSP as it gets near 87.17 with a downside target of 79.75. We should have a stop loss in place at 87.42though. 87.17 is the first level of resistance above 83.37, and by rule, any test of resistance is a short signal. In this case, if resistance 87.17 is being tested, a short signal would exist.
If 83.47 begins to break higher, the technical summary data tells us to buy NSP just slightly over 83.47, with an upside target of 86.47. The data also tells us to set a stop loss @ 83.23 in case the stock turns against the trade. 83.47 is the first level of resistance above 83.37, and by rule, any break above resistance is a buy signal. In this case, 83.47, 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 NSP if it tests 83.47 with a downside target of 79.75. We should have a stop loss in place at 83.71 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, 83.47, 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 83.47 begins to break higher, the technical summary data tells us to buy NSP just slightly over 83.47, with an upside target of 83.71. The data also tells us to set a stop loss @ 83.28 in case the stock turns against the trade. 83.47 is the first level of resistance above 83.37, and by rule, any break above resistance is a buy signal. In this case, 83.47, 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 NSP if it tests 83.47 with a downside target of 81.9. We should have a stop loss in place at 83.66 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, 83.47, 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 report was produced using AI developed by Stock Traders Daily. Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves. This methodology is also applied to Index options, ETFs, and futures. The objective of this specific report is to optimize trading in Insperity Inc. (NYSE: NSP) while incorporating prudent risk controls.