How the (LOVE) price action is used to our Advantage – Stock Traders Daily

December 26, 2024, 05:14 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for LOVE

• Buy LOVE near 24.39 target 29.49 stop loss @ 24.32 Details

The technical summary data tells us to buy LOVE near 24.39 with an upside target of 29.49. This data also tells us to set a stop loss @ 24.32 to protect against excessive loss in case the stock begins to move against the trade. 24.39 is the first level of support below 24.88 , and by rule, any test of support is a buy signal. In this case, support 24.39 would be being tested, so a buy signal would exist.

• Short LOVE slightly under 29.49, target 24.39, stop loss @ 29.58 Details

The technical summary data is suggesting a short of LOVE as it gets near 29.49 with a downside target of 24.39. We should have a stop loss in place at 29.58though. 29.49 is the first level of resistance above 24.88, and by rule, any test of resistance is a short signal. In this case, if resistance 29.49 is being tested, so a short signal would exist.

Swing Trading Plans for LOVE

• Buy LOVE slightly over 29.49, target 34.86, Stop Loss @ 29.4 Details

If 29.49 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 29.49, with an upside target of 34.86. The data also tells us to set a stop loss @ 29.4 in case the stock turns against the trade. 29.49 is the first level of resistance above 24.88, and by rule, any break above resistance is a buy signal. In this case, 29.49, 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.

• Short LOVE slightly near 29.49, target 24.39, Stop Loss @ 29.58. Details

The technical summary data is suggesting a short of LOVE if it tests 29.49 with a downside target of 24.39. We should have a stop loss in place at 29.58 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, 29.49, 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.

Day Trading Plans for LOVE

• Buy LOVE slightly over 29.49, target 34.86, Stop Loss @ 29.42 Details

If 29.49 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 29.49, with an upside target of 34.86. The data also tells us to set a stop loss @ 29.42 in case the stock turns against the trade. 29.49 is the first level of resistance above 24.88, and by rule, any break above resistance is a buy signal. In this case, 29.49, 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.

• Short LOVE slightly near 29.49, target 24.61, Stop Loss @ 29.56. Details

The technical summary data is suggesting a short of LOVE if it tests 29.49 with a downside target of 24.61. We should have a stop loss in place at 29.56 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, 29.49, 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.

The technical summary data tells us to buy LOVE near 24.39 with an upside target of 29.49. This data also tells us to set a stop loss @ 24.32 to protect against excessive loss in case the stock begins to move against the trade. 24.39 is the first level of support below 24.88 , and by rule, any test of support is a buy signal. In this case, support 24.39 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of LOVE as it gets near 29.49 with a downside target of 24.39. We should have a stop loss in place at 29.58though. 29.49 is the first level of resistance above 24.88, and by rule, any test of resistance is a short signal. In this case, if resistance 29.49 is being tested, so a short signal would exist.
If 29.49 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 29.49, with an upside target of 34.86. The data also tells us to set a stop loss @ 29.4 in case the stock turns against the trade. 29.49 is the first level of resistance above 24.88, and by rule, any break above resistance is a buy signal. In this case, 29.49, 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 LOVE if it tests 29.49 with a downside target of 24.39. We should have a stop loss in place at 29.58 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, 29.49, 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.
If 29.49 begins to break higher, the technical summary data tells us to buy LOVE just slightly over 29.49, with an upside target of 34.86. The data also tells us to set a stop loss @ 29.42 in case the stock turns against the trade. 29.49 is the first level of resistance above 24.88, and by rule, any break above resistance is a buy signal. In this case, 29.49, 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 LOVE if it tests 29.49 with a downside target of 24.61. We should have a stop loss in place at 29.56 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, 29.49, 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.
Check the time stamp on this data. Updated AI-Generated Signals for  The Lovesac Company (LOVE) available here: LOVE.
LOVE Ratings for December 26:
Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  The Lovesac Company (NASDAQ: LOVE) data table below can help you with price action, and we have more details too. Trading plans for LOVE are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

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