The technical summary data tells us to buy FN near 215.56 with an upside target of 248.19. This data also tells us to set a stop loss @ 214.94 to protect against excessive loss in case the stock begins to move against the trade. 215.56 is the first level of support below 221.24 , and by rule, any test of support is a buy signal. In this case, support 215.56 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of FN as it gets near 248.19 with a downside target of 215.56. We should have a stop loss in place at 248.91though. 248.19 is the first level of resistance above 221.24, and by rule, any test of resistance is a short signal. In this case, if resistance 248.19 is being tested, so a short signal would exist.