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...
November 07, 2024, 04:04 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy BAMU near 25.14 with an upside target of 25.58. This data also tells us to set a stop loss @ 25.07 to protect against excessive loss in case the stock begins to move against the trade. 25.14 is the first level of support below 25.41 , and by rule, any test of support is a buy signal. In this case, support 25.14 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of BAMU as it gets near 25.58 with a downside target of 25.14. We should have a stop loss in place at 25.65though. 25.58 is the first level of resistance above 25.41, and by rule, any test of resistance is a short signal. In this case, if resistance 25.58 is being tested, so a short signal would exist.
If n/a begins to break higher, the technical summary data tells us to buy BAMU just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 25.41, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 BAMU if it tests n/a with a downside target of 25.14. We should have a stop loss in place at 0 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, n/a, 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 25.58 begins to break higher, the technical summary data tells us to buy BAMU just slightly over 25.58, with an upside target of n/a. The data also tells us to set a stop loss @ 25.52 in case the stock turns against the trade. 25.58 is the first level of resistance above 25.41, and by rule, any break above resistance is a buy signal. In this case, 25.58, 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 BAMU if it tests 25.58 with a downside target of 25.14. We should have a stop loss in place at 25.64 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, 25.58, 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
The technical pivots for Brookstone Ultra-short Bond Etf (NASDAQ: BAMU) help you determine how to trade, when to buy, when to sell, and how to control risk.