Apr 25, 2021 (Stock Traders Daily via COMTEX) -- #technicalanalysis provides insights that #fundamentalanalysis cannot. We can use that to our #advantage in Live Nation Entertainment /zigman2/quotes/203077299/composite LYV -2.22% . Using the data offered below we have a real-time example. Review The technical data for LYV below, and the added value of technical analysis will become clearer. Trading plans are derived naturally from the technicals. This data is current, but it is not real time. If you want a real time update, or data on 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 79.17 with an upside target of 86.35. This data also tells us to set a stop loss @ 78.94 to protect against excessive loss in case the stock begins to move against the trade. 79.17 is the first level of support below 81.78 , and by rule, any test of support is a buy signal. In this case, support 79.17 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of LYV as it gets near 86.35 with a downside target of 79.17. We should have a stop loss in place at 86.6though. 86.35 is the first level of resistance above 81.78, and by rule, any test of resistance is a short signal. In this case, if resistance 86.35 is being tested, so a short signal would exist.
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