When (HCSG) Moves Investors should Listen (2024)

May 28, 2024, 07:32 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HCSG

• Buy HCSG slightly over 10.35 target 12.22 stop loss @ 10.32 Details

The technical summary data tells us to buy HCSG near 10.35 with an upside target of 12.22. This data also tells us to set a stop loss @ 10.32 to protect against excessive loss in case the stock begins to move against the trade. 10.35 is the first level of support below 10.8 , and by rule, any test of support is a buy signal. In this case, support 10.35 is being tested, a buy signal would exist.

• Short HCSG slightly under 12.22, target 10.35, stop loss @ 12.26 Details

The technical summary data is suggesting a short of HCSG as it gets near 12.22 with a downside target of 10.35. We should have a stop loss in place at 12.26though. 12.22 is the first level of resistance above 10.8, and by rule, any test of resistance is a short signal. In this case, if resistance 12.22 is being tested, a short signal would exist.

Swing Trading Plans for HCSG

• Buy HCSG slightly over 11.02, target 11.6, Stop Loss @ 10.99 Details

If 11.02 begins to break higher, the technical summary data tells us to buy HCSG just slightly over 11.02, with an upside target of 11.6. The data also tells us to set a stop loss @ 10.99 in case the stock turns against the trade. 11.02 is the first level of resistance above 10.8, and by rule, any break above resistance is a buy signal. In this case, 11.02, 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 HCSG slightly near 11.02, target 10.35, Stop Loss @ 11.05. Details

The technical summary data is suggesting a short of HCSG if it tests 11.02 with a downside target of 10.35. We should have a stop loss in place at 11.05 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, 11.02, 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 HCSG

• Buy HCSG slightly over 11.02, target 11.6, Stop Loss @ 10.99 Details

If 11.02 begins to break higher, the technical summary data tells us to buy HCSG just slightly over 11.02, with an upside target of 11.6. The data also tells us to set a stop loss @ 10.99 in case the stock turns against the trade. 11.02 is the first level of resistance above 10.8, and by rule, any break above resistance is a buy signal. In this case, 11.02, 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 HCSG slightly near 11.02, target 10.71, Stop Loss @ 11.05. Details

The technical summary data is suggesting a short of HCSG if it tests 11.02 with a downside target of 10.71. We should have a stop loss in place at 11.05 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, 11.02, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Healthcare Services Group Inc. (HCSG) available here: HCSG.

HCSG Ratings for May 28:

AI Generated Signals for HCSG

Blue = Current Price
Red= Resistance
Green = Support

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