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December 21, 2024, 06:34 am ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy FIBR near 86.3 with an upside target of 87.25. This data also tells us to set a stop loss @ 86.05 to protect against excessive loss in case the stock begins to move against the trade. 86.3 is the first level of support below 86.7729 , and by rule, any test of support is a buy signal. In this case, support 86.3 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of FIBR as it gets near 87.25 with a downside target of 86.3. We should have a stop loss in place at 87.5though. 87.25 is the first level of resistance above 86.7729, and by rule, any test of resistance is a short signal. In this case, if resistance 87.25 is being tested, so a short signal would exist.
If 87.25 begins to break higher, the technical summary data tells us to buy FIBR just slightly over 87.25, with an upside target of 88.19. The data also tells us to set a stop loss @ 87 in case the stock turns against the trade. 87.25 is the first level of resistance above 86.7729, and by rule, any break above resistance is a buy signal. In this case, 87.25, 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 FIBR if it tests 87.25 with a downside target of 86.7. We should have a stop loss in place at 87.5 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, 87.25, 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 87.25 begins to break higher, the technical summary data tells us to buy FIBR just slightly over 87.25, with an upside target of 88.19. The data also tells us to set a stop loss @ 87.05 in case the stock turns against the trade. 87.25 is the first level of resistance above 86.7729, and by rule, any break above resistance is a buy signal. In this case, 87.25, 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 FIBR if it tests 87.25 with a downside target of 86.72. We should have a stop loss in place at 87.45 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, 87.25, 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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The technical pivots for Ishares U.s. Fixed Income Balanced Risk Factor Etf (NASDAQ: FIBR) help you determine how to trade, when to buy, when to sell, and how to control risk.