Longer Term Trading Plans for SHEL
- Buy SHEL near 64.65 target 68.91 stop loss @ 64.46
- Short SHEL slightly under 68.91, target 64.65, stop loss @ 69.11
May 04, 2025, 06:14 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy SHEL near 64.65 with an upside target of 68.91. This data also tells us to set a stop loss @ 64.46 to protect against excessive loss in case the stock begins to move against the trade. 64.65 is the first level of support below 66.64 , and by rule, any test of support is a buy signal. In this case, support 64.65 is being tested, a buy signal would exist.
The technical summary…