Apr 15, 2021 (Stock Traders Daily via COMTEX) -- How do we know what is going on behind the scenes of a company? According to Stock Traders Daily, a 20-year industry innovator, the best way to do this to to watch the price action in the stock. The Live Nation Entertainment /zigman2/quotes/203077299/composite LYV -0.06% report below is a real world example. Included are trading plans for LYV, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports .
The Technical Summary and Trading Plans for LYV 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 LYV Report.
The technical summary data tells us to buy LYV near 77.45 with an upside target of 84.56. This data also tells us to set a stop loss @ 77.23 to protect against excessive loss in case the stock begins to move against the trade. 77.45 is the first level of support below 82.29 , and by rule, any test of support is a buy signal. In this case, support 77.45 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of LYV as it gets near 84.56 with a downside target of 77.45. We should have a stop loss in place at 84.8though. 84.56 is the first level of resistance above 82.29, and by rule, any test of resistance is a short signal. In this case, if resistance 84.56 is being tested, so a short signal would exist.
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