(BIB) Proactive Strategies

August 10, 2024, 10:16 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BIB

• Buy BIB slightly over 61.28 target 67.82 stop loss @ 61.1 Details

The technical summary data tells us to buy BIB near 61.28 with an upside target of 67.82. This data also tells us to set a stop loss @ 61.1 to protect against excessive loss in case the stock begins to move against the trade. 61.28 is the first level of support below 61.75 , and by rule, any test of support is a buy signal. In this case, support 61.28 is being tested, a buy signal would exist.

• Short BIB slightly under 67.82, target 61.28, stop loss @ 68.02 Details

The technical summary data is suggesting a short of BIB as it gets near 67.82 with a downside target of 61.28. We should have a stop loss in place at 68.02though. 67.82 is the first level of resistance above 61.75, and by rule, any test of resistance is a short signal. In this case, if resistance 67.82 is being tested, a short signal would exist.

Swing Trading Plans for BIB

• Buy BIB slightly over 67.82, target n/a, Stop Loss @ 67.62 Details

If 67.82 begins to break higher, the technical summary data tells us to buy BIB just slightly over 67.82, with an upside target of n/a. The data also tells us to set a stop loss @ 67.62 in case the stock turns against the trade. 67.82 is the first level of resistance above 61.75, and by rule, any break above resistance is a buy signal. In this case, 67.82, 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.

• Short BIB slightly near 67.82, target 61.29, Stop Loss @ 68.02. Details

The technical summary data is suggesting a short of BIB if it tests 67.82 with a downside target of 61.29. We should have a stop loss in place at 68.02 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, 67.82, 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.

Day Trading Plans for BIB

• Buy BIB slightly over 67.82, target n/a, Stop Loss @ 67.66 Details

If 67.82 begins to break higher, the technical summary data tells us to buy BIB just slightly over 67.82, with an upside target of n/a. The data also tells us to set a stop loss @ 67.66 in case the stock turns against the trade. 67.82 is the first level of resistance above 61.75, and by rule, any break above resistance is a buy signal. In this case, 67.82, 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.

• Short BIB slightly near 67.82, target 61.29, Stop Loss @ 67.98. Details

The technical summary data is suggesting a short of BIB if it tests 67.82 with a downside target of 61.29. We should have a stop loss in place at 67.98 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, 67.82, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Proshares Trust (BIB) available here: BIB.

BIB Ratings for August 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	54.61
P2	58.5	57.58	61.28
P3	60.91	61.29	67.82

AI Generated Signals for BIB

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Don't over think it!  Trading Proshares Trust (NYSE: BIB) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BIB change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BIB is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BIB too.  All of these are offered below the Summary Table.