Technical Analysis

Longer Term Trading Plans for PSMT

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short PSMT slightly under 173.95, target n/a, stop loss @ 174.45 Details

The technical summary data is suggesting a short of PSMT as it gets near 173.95, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 174.45. 173.95 is the first level of resistance above 171.72, and by rule, any test of resistance is a short signal. In this case, if resistance 173.95 is being tested, so a short signal would exist.

Swing Trading Plans for PSMT

• Buy PSMT slightly over 173.95, target 188.85, Stop Loss @ 173.45 Details

If 173.95 begins to break higher, the technical summary data tells us to buy PSMT just over 173.95, with an upside target of 188.85. The data also tells us to set a stop loss @ 173.45 in case the stock turns against the trade. 173.95 is the first level of resistance above 171.72, and by rule, any break above resistance is a buy signal. In this case, 173.95, 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.

• Short PSMT slightly near 173.95, target 171.49, Stop Loss @ 174.45. Details

The technical summary data is suggesting a short of PSMT if it tests 173.95 with a downside target of 171.49. We should have a stop loss in place at 174.45 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, 173.95, 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.

Day Trading Plans for PSMT

• Buy PSMT slightly over 172.02, target 173.95, Stop Loss @ 171.62 Details

If 172.02 begins to break higher, the technical summary data tells us to buy PSMT just over 172.02, with an upside target of 173.95. The data also tells us to set a stop loss @ 171.62 in case the stock turns against the trade. 172.02 is the first level of resistance above 171.72, and by rule, any break above resistance is a buy signal. In this case, 172.02, 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.

• Short PSMT slightly near 172.02, target 171.49, Stop Loss @ 172.42. Details

The technical summary data is suggesting a short of PSMT if it tests 172.02 with a downside target of 171.49. We should have a stop loss in place at 172.42 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, 172.02, 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.

PSMT Technical Summary | Raw Data for the Trading Plans