Ecolab $ECL Technical Update – Stock Traders Daily

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Ecolab $ECL Technical Update

The Ecolab (NYSE: ECL) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for ECL, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Neutral Neutral
P1 149.42 142.40 139.11
P2 150.45 148.24 148.02
P3 151.08 153.82 156.58

Long Term Trading Plans for ECL

September 4, 2018, 10:45 am ET

The Technical Summary and Trading Plans for ECL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this ECL Report.

ECL – (Long) Support Plan

Buy over 148.02 target 156.58 stop loss @ 147.76.
The technical summary data tells us to buy ECL near 148.02 with an upside target of 156.58. This data also tells us to set a stop loss @ 147.76 to protect against excessive loss in case the stock begins to move against the trade. 148.02 is the first level of support below 150.66 , and by rule, any test of support is a buy signal. In this case, support 148.02 is being tested, a buy signal would exist.

ECL – (Short) Resistance Plan

Short under 156.58 target 148.02 stop loss @ 156.84
The technical summary data is suggesting a short of ECL as it gets near 156.58 with a downside target of 148.02. We should have a stop loss in place at 156.84 though. 156.58 is the first level of resistance above 150.66, and by rule, any test of resistance is a short signal. In this case, if resistance 156.58 is being tested, a short signal would exist.

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