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December 25, 2024, 02:48 am ET, BY Robert S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The technical summary data tells us to buy FTSD near 89.92 with an upside target of 90.55. This data also tells us to set a stop loss @ 89.66 to protect against excessive loss in case the stock begins to move against the trade. 89.92 is the first level of support below 90.1254 , and by rule, any test of support is a buy signal. In this case, support 89.92 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of FTSD as it gets near 90.55 with a downside target of 89.92. We should have a stop loss in place at 90.81though. 90.55 is the first level of resistance above 90.1254, and by rule, any test of resistance is a short signal. In this case, if resistance 90.55 is being tested, so a short signal would exist.

If 90.22 begins to break higher, the technical summary data tells us to buy FTSD just slightly over 90.22, with an upside target of 90.55. The data also tells us to set a stop loss @ 89.96 in case the stock turns against the trade. 90.22 is the first level of resistance above 90.1254, and by rule, any break above resistance is a buy signal. In this case, 90.22, 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 FTSD if it tests 90.22 with a downside target of 89.92. We should have a stop loss in place at 90.48 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, 90.22, 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 90.22 begins to break higher, the technical summary data tells us to buy FTSD just slightly over 90.22, with an upside target of 90.55. The data also tells us to set a stop loss @ 90.01 in case the stock turns against the trade. 90.22 is the first level of resistance above 90.1254, and by rule, any break above resistance is a buy signal. In this case, 90.22, 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 FTSD if it tests 90.22 with a downside target of 89.92. We should have a stop loss in place at 90.43 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, 90.22, 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.

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Don't over think it! Trading Franklin Short Duration U.s. Government Etf (NASDAQ: FTSD) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions. This should be an integral part of the investment process.