Trading (SBS) With Integrated Risk Controls

November 14, 2024, 23:14 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SBS

• Buy SBS near 16.5 target 17.91 stop loss @ 16.45 Details

The technical summary data tells us to buy SBS near 16.5 with an upside target of 17.91. This data also tells us to set a stop loss @ 16.45 to protect against excessive loss in case the stock begins to move against the trade. 16.5 is the first level of support below 16.66 , and by rule, any test of support is a buy signal. In this case, support 16.5 is being tested, a buy signal would exist.

• Short SBS slightly under 17.91, target 16.5, stop loss @ 17.96 Details

The technical summary data is suggesting a short of SBS as it gets near 17.91 with a downside target of 16.5. We should have a stop loss in place at 17.96though. 17.91 is the first level of resistance above 16.66, and by rule, any test of resistance is a short signal. In this case, if resistance 17.91 is being tested, a short signal would exist.

Swing Trading Plans for SBS

• Buy SBS slightly over 16.7, target 17.91, Stop Loss @ 16.65 Details

If 16.7 begins to break higher, the technical summary data tells us to buy SBS just slightly over 16.7, with an upside target of 17.91. The data also tells us to set a stop loss @ 16.65 in case the stock turns against the trade. 16.7 is the first level of resistance above 16.66, and by rule, any break above resistance is a buy signal. In this case, 16.7, 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 SBS slightly near 16.7, target 16.03, Stop Loss @ 16.75. Details

The technical summary data is suggesting a short of SBS if it tests 16.7 with a downside target of 16.03. We should have a stop loss in place at 16.75 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, 16.7, 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 SBS

• Buy SBS slightly over 16.7, target 17.06, Stop Loss @ 16.66 Details

If 16.7 begins to break higher, the technical summary data tells us to buy SBS just slightly over 16.7, with an upside target of 17.06. The data also tells us to set a stop loss @ 16.66 in case the stock turns against the trade. 16.7 is the first level of resistance above 16.66, and by rule, any break above resistance is a buy signal. In this case, 16.7, 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 SBS slightly near 16.7, target 16.03, Stop Loss @ 16.74. Details

The technical summary data is suggesting a short of SBS if it tests 16.7 with a downside target of 16.03. We should have a stop loss in place at 16.74 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, 16.7, 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 Companhia De Saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (each Repstg 250) (SBS) available here: SBS.

SBS Ratings for November 14:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	15.06
P2	16.67	16.03	16.5
P3	17.06	16.7	17.91

AI Generated Signals for SBS

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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Companhia De Saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (each Repstg 250) (NYSE: SBS) report below can help you, but we have more details too. The trading plans for SBS, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.