The technical summary data is suggesting a short of ONEQ as it gets near 75.49 with a downside target of 72.19. We should have a stop loss in place at 75.71though. 75.49 is the first level of resistance above 72.35, and by rule, any test of resistance is a short signal. In this case, if resistance 75.49 is being tested, a short signal would exist.

If 75.49 begins to break higher, the technical summary data tells us to buy ONEQ just slightly over 75.49, with an upside target of n/a. The data also tells us to set a stop loss @ 75.27 in case the stock turns against the trade. 75.49 is the first level of resistance above 72.35, and by rule, any break above resistance is a buy signal. In this case, 75.49, 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 ONEQ if it tests 75.49 with a downside target of 72.19. We should have a stop loss in place at 75.71 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, 75.49, 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.