(BBC) Technical Pivots with Risk Controls

July 20, 2024, 00:56 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BBC

• Buy BBC slightly over 25.07 target 28.61 stop loss @ 25 Details

The technical summary data tells us to buy BBC near 25.07 with an upside target of 28.61. This data also tells us to set a stop loss @ 25 to protect against excessive loss in case the stock begins to move against the trade. 25.07 is the first level of support below 27.7823 , and by rule, any test of support is a buy signal. In this case, support 25.07 would be being tested, so a buy signal would exist.

• Short BBC slightly under 28.61, target 25.07, stop loss @ 28.69 Details

The technical summary data is suggesting a short of BBC as it gets near 28.61 with a downside target of 25.07. We should have a stop loss in place at 28.69though. 28.61 is the first level of resistance above…