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$METCL | How To Trade ($METCL) (METCL)

By Thomas Kee

$METCL | How To Trade ($METCL) (METCL)

The technical summary data tells us to buy METCL near 25.74 with an upside target of 26.07. This data also tells us to set a stop loss @ 25.67 to protect against excessive loss in case the stock begins to move against the trade. 25.74 is the first level of support below 25.77 , and by rule, any test of support is a buy signal. In this case, support 25.74 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of METCL as it gets near 26.07 with a downside target of 25.74. We should have a stop loss in place at 26.15though. 26.07 is the first level of resistance above 25.77, and by rule, any test of resistance is a short signal. In this case, if resistance 26.07 is being tested, a short signal would exist.

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