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Technical Analysis

Longer Term Trading Plans for PLTM

• 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 PLTM slightly under 18.2, target n/a, stop loss @ 18.25 Details

The technical summary data is suggesting a short of PLTM as it gets near 18.2, 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 18.25. 18.2 is the first level of resistance above 17.12, and by rule, any test of resistance is a short signal. In this case, if resistance 18.2 is being tested, so a short signal would exist.

Swing Trading Plans for PLTM

• Buy PLTM slightly over 18.2, target 21.01, Stop Loss @ 18.15 Details

If 18.2 begins to break higher, the technical summary data tells us to buy PLTM just over 18.2, with an upside target of 21.01. The data also tells us to set a stop loss @ 18.15 in case the stock turns against the trade. 18.2 is the first level of resistance above 17.12, and by rule, any break above resistance is a buy signal. In this case, 18.2, 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 PLTM slightly near 18.2, target 16.88, Stop Loss @ 18.25. Details

The technical summary data is suggesting a short of PLTM if it tests 18.2 with a downside target of 16.88. We should have a stop loss in place at 18.25 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, 18.2, 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 PLTM

• Buy PLTM slightly over 17.23, target 17.67, Stop Loss @ 17.19 Details

If 17.23 begins to break higher, the technical summary data tells us to buy PLTM just over 17.23, with an upside target of 17.67. The data also tells us to set a stop loss @ 17.19 in case the stock turns against the trade. 17.23 is the first level of resistance above 17.12, and by rule, any break above resistance is a buy signal. In this case, 17.23, 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 PLTM slightly near 17.23, target 16.88, Stop Loss @ 17.27. Details

The technical summary data is suggesting a short of PLTM if it tests 17.23 with a downside target of 16.88. We should have a stop loss in place at 17.27 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, 17.23, 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.

PLTM Technical Summary | Raw Data for the Trading Plans