Longer Term Trading Plans for ESEA
- Buy ESEA near 26.63 target 31.32 stop loss @ 26.55
- Short ESEA slightly under 31.32, target 26.63, stop loss @ 31.41
April 16, 2025, 01:34 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy ESEA near 26.63 with an upside target of 31.32. This data also tells us to set a stop loss @ 26.55 to protect against excessive loss in case the stock begins to move against the trade. 26.63 is the first level of support below 28.84 , and by rule, any test of support is a buy signal. In this case, support 26.63 would be being tested, so a buy signal would exist.
The…