$ESGU | How To Trade ($ESGU) (ESGU)

By Thomas Kee

$ESGU | How To Trade ($ESGU) (ESGU)

The technical summary data tells us to buy ESGU near 124.99 with an upside target of 128.95. This data also tells us to set a stop loss @ 124.63 to protect against excessive loss in case the stock begins to move against the trade. 124.99 is the first level of support below 125.67 , and by rule, any test of support is a buy signal. In this case, support 124.99 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of ESGU as it gets near 128.95 with a downside target of 124.99. We should have a stop loss in place at 129.32though. 128.95 is the first level of resistance above 125.67, and by rule, any test of resistance is a short signal. In this case, if resistance 128.95 is being tested, a short signal would exist.

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