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$NEAR | ($NEAR) Investment Analysis (NEAR)

By Thomas Kee

$NEAR | ($NEAR) Investment Analysis (NEAR)

The technical summary data tells us to buy NEAR near 50.84 with an upside target of 51.22. This data also tells us to set a stop loss @ 50.69 to protect against excessive loss in case the stock begins to move against the trade. 50.84 is the first level of support below 50.85 , and by rule, any test of support is a buy signal. In this case, support 50.84 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of NEAR as it gets near 51.22 with a downside target of 50.84. We should have a stop loss in place at 51.37though. 51.22 is the first level of resistance above 50.85, and by rule, any test of resistance is a short signal. In this case, if resistance 51.22 is being tested, a short signal would exist.

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