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$RSEE | ($RSEE) Trading Signals (RSEE)

By Thomas Kee

$RSEE | ($RSEE) Trading Signals (RSEE)

The technical summary data tells us to buy RSEE near 30.36 with an upside target of 31.44. This data also tells us to set a stop loss @ 30.27 to protect against excessive loss in case the stock begins to move against the trade. 30.36 is the first level of support below 31.0782 , and by rule, any test of support is a buy signal. In this case, support 30.36 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of RSEE as it gets near 31.44 with a downside target of 30.36. We should have a stop loss in place at 31.53though. 31.44 is the first level of resistance above 31.0782, and by rule, any test of resistance is a short signal. In this case, if resistance 31.44 is being tested, so a short signal would exist.

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