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May 6, 2021, 5:45 p.m. EDT

How to Develop Trading Plans for Marcus #MCS and other Stocks

May 06, 2021 (Stock Traders Daily via COMTEX) -- According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Marcus (NYS:MCS) to foretell upcoming changes. A current example is provided below. There are trading plans for MCS, but the data on this page does not update in real time. If you want a real time update, or a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

Bias Weak Weak Strong
P1 0 0 14.24
P2 18.52 18.69 18.22
P3 19.14 19.52 22.69

The Technical Summary and Trading Plans for MCS help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this MCS Report.

The technical summary data tells us to buy MCS near 18.22 with an upside target of 22.69. This data also tells us to set a stop loss @ 18.17 to protect against excessive loss in case the stock begins to move against the trade. 18.22 is the first level of support below 18.95 , and by rule, any test of support is a buy signal. In this case, support 18.22 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of MCS as it gets near 22.69 with a downside target of 18.22. We should have a stop loss in place at 22.76though. 22.69 is the first level of resistance above 18.95, and by rule, any test of resistance is a short signal. In this case, if resistance 22.69 is being tested, a short signal would exist.

COMTEX_386031080/2570/2021-05-06T17:44:57

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