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

June 23, 2024, 1:10 PM ET, BY Billy Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for NSYS

• Buy NSYS just above 10.82, target 13.45, stop loss at 10.79 details

The technical summary data tells us to buy NSYS at 10.82 with an upside target of 13.45. This data also tells us to set a stop loss at 10.79 to protect ourselves from excessive losses in case the stock starts to move against the trade. 10.82 is the first level of support below 13.11, and any test of support is usually a buy signal. In this case, support at 10.82 would be tested, so a buy signal would be present.

• Short NSYS just below 13.45, target 10.82, stop loss at 13.49 details

The technical summary data suggests a short of NSYS as it approaches 13.45, with a downside target of 10.82. However, we should place a stop loss at 13.49. 13.45 is the first resistance level above 13.11, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 13.45 resistance is tested.

Swing Trading Plans for NSYS

• Buy NSYS just above 13.45, target 13.87, stop loss at 13.41 details

If 13.45 starts to rise, the technical summary data tells us to buy NSYS just above 13.45, with an upside target of 13.87. The data also tells us to set a stop loss at 13.41 in case the stock turns against the trade. 13.45 is the first resistance level above 13.11, and any break above resistance is usually a buy signal. In this case, 13.45, the initial resistance, would rise to the upside, 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 NSYS just near 13.45, target 12.36, stop loss at 13.49. details

The technical summary data suggests a short of NSYS if it tests 13.45 with a downside target of 12.36. However, we should place a stop loss at 13.49 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 at 13.45 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 NSYS

• Buy NSYS just above 13.49, target 13.87, stop loss at 13.46 details

If 13.49 starts to rise, the technical summary data tells us to buy NSYS just above 13.49, with an upside target of 13.87. The data also tells us to set a stop loss at 13.46 in case the stock turns against the trade. 13.49 is the first resistance level above 13.11, and any break above resistance is usually a buy signal. In this case, 13.49, the initial resistance, would rise to the upside, 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 NSYS close to 13.49, target 12.36, stop loss at 13.52. details

The technical summary data suggests a short of NSYS if it tests 13.49 with a downside target of 12.36. However, we should place a stop loss at 13.52 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 13.49 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 Nortech Systems Incorporated (NSYS) available here: NSYS.

NSYS Ratings as of June 23:

AI-generated signals for NSYS

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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 Nortech Systems Incorporated The data table (NASDAQ:NSYS) below can help you with the price trend and we also have more details. Trading plans for NSYS are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.