In this case, 100.54, initial resistance, would be breaking higher, so a buy signal would exist. 100.54 is the first level of resistance above 100.24, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 100.31 in case the stock turns against the trade. If 100.54 begins to break higher, the technical summary data tells us to buy SPLK just slightly over 100.54, with an upside target of 101.55. Buy SPLK slightly over 100.54, target 101.55, Stop Loss 100.31 Details.Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan. In this case, if resistance, 101.55, is being tested a short signal would exist. By rule, any test of resistance is a short signal. We should have a stop loss in place at 101.84 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of SPLK if it tests 101.55 with a downside target of 94.23. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 101.55, initial resistance, would be breaking higher, so a buy signal would exist. 101.55 is the first level of resistance above 100.24, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 101.26 in case the stock turns against the trade. If 101.55 begins to break higher, the technical summary data tells us to buy SPLK just slightly over 101.55, with an upside target of 107.89. Buy SPLK slightly over 101.55, target 107.89, Stop Loss 101.26 Details.In this case, if resistance 107.89 is being tested, a short signal would exist. 107.89 is the first level of resistance above 100.24, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 108.2though. The technical summary data is suggesting a short of SPLK as it gets near 107.89 with a downside target of 94.23. Short SPLK slightly under 107.89, target 94.23, stop loss 108.2 Details.In this case, support 94.23 is being tested, a buy signal would exist. 94.23 is the first level of support below 100.24, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 93.96 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy SPLK near 94.23 with an upside target of 107.89. Buy SPLK slightly over 94.23 target 107.89 stop loss 93.96 Details.
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