Our Signals help define rules-based Trading Plans predicated on the Basic Rules of Tehnical Analysis. Take a trial, review our Index ETF Signals, macro, more...
October 06, 2024, 01:16 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy BAMB near 26.01 with an upside target of 26.37. This data also tells us to set a stop loss @ 25.93 to protect against excessive loss in case the stock begins to move against the trade. 26.01 is the first level of support below 26.36 , and by rule, any test of support is a buy signal. In this case, support 26.01 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of BAMB as it gets near 26.37 with a downside target of 26.01. We should have a stop loss in place at 26.45though. 26.37 is the first level of resistance above 26.36, and by rule, any test of resistance is a short signal. In this case, if resistance 26.37 is being tested, so a short signal would exist.
If 26.42 begins to break higher, the technical summary data tells us to buy BAMB just slightly over 26.42, with an upside target of 26.76. The data also tells us to set a stop loss @ 26.34 in case the stock turns against the trade. 26.42 is the first level of resistance above 26.36, and by rule, any break above resistance is a buy signal. In this case, 26.42, 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 BAMB if it tests 26.42 with a downside target of 26.01. We should have a stop loss in place at 26.5 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, 26.42, 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 26.76 begins to break higher, the technical summary data tells us to buy BAMB just slightly over 26.76, with an upside target of n/a. The data also tells us to set a stop loss @ 26.7 in case the stock turns against the trade. 26.76 is the first level of resistance above 26.36, and by rule, any break above resistance is a buy signal. In this case, 26.76, 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 BAMB if it tests 26.76 with a downside target of 26.01. We should have a stop loss in place at 26.82 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, 26.76, 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.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Trading or Investing in Brookstone Intermediate Bond Etf (NASDAQ: BAMB) involves an observation of the technicals, every time. This data reveals the current technicals.