January 06, 2024, 08:48 am 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 22.21 target n/a stop loss @ 22.15. Details
- NONE . Details
The technical summary data tells us to buy BBC near 22.21, 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 22.15 to protect against excessive loss in case the stock begins to move against the trade. 22.21 is the first level of support below 24.3359, and by rule, any test of support is a buy signal. In this case, if support 22.21 is being tested, a buy signal would exist.
NONE .
There are no current…
