Van Eck Biotech Etf BBH Investment Report

Source: Stock Traders Daily

Longer Term Trading Plans for BBH
  • Buy BBH slightly slightly over 137.78 target 152.21 stop loss @ 137.38 Details
  • The technical summary data tells us to buy BBH near 137.78 with an upside target of 152.21. This data also tells us to set a stop loss @ 137.38 to protect against excessive loss in case the stock begins to move against the trade. 137.78 is the first level of support below 140.195 , and by rule, any test of support is a buy signal. In this case, support 137.78 is being tested, a buy signal would exist.

  • Short BBH slightly under 152.21, target 137.78, stop loss @ 152.65 Details
  • The technical summary data is suggesting a short of BBH as it gets near 152.21 with a downside target of 137.78. We should have a stop loss in place at 152.65though. 152.21 is the first level of resistance above 140.195, and by rule, any test of resistance is a short signal. In this case, if resistance 152.21 is being tested, a short signal would exist.

Swing Trading Plans for BBH
  • Buy BBH slightly slightly over 140.63, target 147.19, Stop Loss @ 140.22 Details
  • If 140.63 begins to break higher, the technical summary data tells us to buy BBH just slightly over 140.63, with an upside target of 147.19. The data also tells us to set a stop loss @ 140.22 in case the stock turns against the trade. 140.63 is the first level of resistance above 140.195, and by rule, any break above resistance is a buy signal. In this case, 140.63, 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 BBH slightly near 140.63, target 137.78, Stop Loss @ 141.04. Details
  • The technical summary data is suggesting a short of BBH if it tests 140.63 with a downside target of 137.78. We should have a stop loss in place at 141.04 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, 140.63, 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 BBH
  • Buy BBH slightly slightly over 140.63, target 146.62, Stop Loss @ 140.3 Details
  • If 140.63 begins to break higher, the technical summary data tells us to buy BBH just slightly over 140.63, with an upside target of 146.62. The data also tells us to set a stop loss @ 140.3 in case the stock turns against the trade. 140.63 is the first level of resistance above 140.195, and by rule, any break above resistance is a buy signal. In this case, 140.63, 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 BBH slightly near 140.63, target 139.66, Stop Loss @ 140.96. Details
  • The technical summary data is suggesting a short of BBH if it tests 140.63 with a downside target of 139.66. We should have a stop loss in place at 140.96 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, 140.63, 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.

BBH Ratings for September 23:

Term →Near Mid Long
Rating Weak Neutral Weak
P1 0 0 123.38
P2 139.66 140.63 137.78
P3 146.62 147.19 152.21

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BBH Long Term Analysis for September 23 2022


BBH Swing Trading Analysis for September 23 2022


BBH Day Trading Analysis for September 23 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Van Eck Biotech Etf (NYSE: BBH) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BBH 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 BBH 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 BBH too.  All of these are offered below the Summary Table.