Longer Term Trading Plans for WKEY
- Buy WKEY near 6.08 target 10.01 stop loss @ 6.06
- Short WKEY slightly under 10.01, target 6.08, stop loss @ 10.04
May 19, 2025, 14:20 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy WKEY near 6.08 with an upside target of 10.01. This data also tells us to set a stop loss @ 6.06 to protect against excessive loss in case the stock begins to move against the trade. 6.08 is the first level of support below 6.36 , and by rule, any test of support is a buy signal. In this case, support 6.08 is being tested, a buy signal would exist.
The technical summary data is…