How we can use the (MSC) price action to our advantage

July 6, 2024, 7:18 PM ET, BY Robert S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for MSC

• Buy MSC just above 7.09, target 8.46, stop loss at 7.07 details

The technical summary data tells us to buy MSC at 7.09 with an upside target of 8.46. This data also tells us to set a stop loss at 7.07 to protect ourselves from excessive losses in case the stock starts moving against the trade. 7.09 is the first level of support below 7.19, and any test of support is usually a buy signal. In this case, the support at 7.09 is tested, a buy signal would be present.

• Short MSC just below 8.46, target 7.09, stop loss at 8.48 details

The technical summary data suggests a short of MSC as it approaches 8.46, with a downside target of 7.09. However, we should place a stop loss at 8.48. 8.46 is the first resistance level above 7.19, and any test of resistance is basically a short signal. In this case, a short signal would be present if the 8.46 resistance is tested.

Swing trading plans for MSC

• Buy MSC just above 8.46, target nz, stop loss at 8.44 details

If 8.46 starts to rise, the technical summary data tells us to buy MSC just above 8.46, with an upside target of $n/a. The data also tells us to set a stop loss at 8.44 in case the stock turns against the trade. 8.46 is the first resistance level above 7.19, and any break above resistance is usually a buy signal. In this case, 8.46, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short MSC just near 8.46, target 7.09, stop loss at 8.48. details

The technical summary data suggests a short of MSC if 8.46 is tested with a downside target of 7.09. However, we should place a stop loss at 8.48 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 8.46 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for MSC

• Buy MSC just above 8.46, target nz, stop loss at 8.44 details

If 8.46 starts to rise, the technical summary data tells us to buy MSC just above 8.46, with an upside target of $n/a. The data also tells us to set a stop loss at 8.44 in case the stock turns against the trade. 8.46 is the first resistance level above 7.19, and any break above resistance is usually a buy signal. In this case, 8.46, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short MSC just near 8.46, target 7.09, stop loss at 8.48. details

The technical summary data suggests a short of MSC if 8.46 is tested with a downside target of 7.09. However, we should place a stop loss at 8.48 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 8.46 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Studio City International Holdings Limited American Depositary Shares, four Class A shares each (MSC) available here: MS.

MSC ratings for July 06:

AI-generated signals for MSC

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Studio City International Holdings Limited American Depositary Shares, four Class A shares each The data table (NYSE:MSC) below can help you with the price action and we also have more details. Trading plans for MSC are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.