March 10, 2024, 19:50 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BBC
- Buy BBC slightly over 27.5 target n/a stop loss @ 27.42. Details
- NONE . Details
The technical summary data tells us to buy BBC near 27.5, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 27.42 to protect against excessive loss in case the stock begins to move against the trade. 27.5 is the first level of support below 30.43, and by rule, any test of support is a buy signal. In this case, if support 27.5 is being tested, a buy signal would exist.
NONE .
There are no current…
