How to Develop Trading Plans for Harsco Corp #HSC and other Stocks

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Apr 24, 2021 (Stock Traders Daily via COMTEX) — According to Stock Traders Daily, a 20-year industry veteran, #investors can use the #priceaction in Harsco Corp (NYSE: HSC) to foretell upcoming changes. A current example is provided below. There are trading plans for HSC, 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 Neutral Strong Strong
P1 0 0 17.22
P2 17.46 17.57 19.55
P3 18.23 18.41 21.90
Long Term Trading Plans for HSC

April 24, 2021, 10:00 am ET

The Technical Summary and Trading Plans for HSC 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 HSC Report.

HSC – (Long) Support Plan

The technical summary data tells us to buy HSC near 17.22 with an upside target of 19.55. This data also tells us to set a stop loss @ 17.17 to protect against excessive loss in case the stock begins to move against the trade. 17.22 is the first level of support below 17.98 , and by rule, any test of support is a buy signal. In this case, support 17.22 would be being tested, so a buy signal would exist.

HSC – (Short) Resistance Plan

The technical summary data is suggesting a short of HSC as it gets near 19.55 with a downside target of 17.22. We should have a stop loss in place at 19.61though. 19.55 is the first level of resistance above 17.98, and by rule, any test of resistance is a short signal. In this case, if resistance 19.55 is being tested, so a short signal would exist.


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