The technical summary data is suggesting a short of IBMR as it gets near 25.23 with a downside target of 24.83. We should have a stop loss in place at 25.3though. 25.23 is the first level of resistance above 25.14, and by rule, any test of resistance is a short signal. In this case, if resistance 25.23 is being tested, so a short signal would exist.
If 25.23 begins to break higher, the technical summary data tells us to buy IBMR just slightly over 25.23, with an upside target of n/a. The data also tells us to set a stop loss @ 25.16 in case the stock turns against the trade. 25.23 is the first level of resistance above 25.14, and by rule, any break above resistance is a buy signal. In this case, 25.23, 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.
The technical summary data is suggesting a short of IBMR if it tests 25.23 with a downside target of 24.83. We should have a stop loss in place at 25.3 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, 25.23, 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.