(FBT) Proactive Strategies

October 21, 2024, 14:12 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for FBT

• Buy FBT near 168.16 target 175.79 stop loss @ 167.67 Details

The technical summary data tells us to buy FBT near 168.16 with an upside target of 175.79. This data also tells us to set a stop loss @ 167.67 to protect against excessive loss in case the stock begins to move against the trade. 168.16 is the first level of support below 171.02 , and by rule, any test of support is a buy signal. In this case, support 168.16 is being tested, a buy signal would exist.

• Short FBT slightly under 175.79, target 168.16, stop loss @ 176.3 Details

The technical summary data is suggesting a short of FBT as it gets near 175.79 with a downside target of 168.16. We should have a stop loss in place at 176.3though. 175.79 is the first level of resistance above 171.02, and by rule, any test of resistance is a short signal. In this case, if resistance 175.79 is being tested, a short signal would exist.

Swing Trading Plans for FBT

• Buy FBT slightly over 171.69, target 174.19, Stop Loss @ 171.19 Details

If 171.69 begins to break higher, the technical summary data tells us to buy FBT just slightly over 171.69, with an upside target of 174.19. The data also tells us to set a stop loss @ 171.19 in case the stock turns against the trade. 171.69 is the first level of resistance above 171.02, and by rule, any break above resistance is a buy signal. In this case, 171.69, 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 FBT slightly near 171.69, target 168.16, Stop Loss @ 172.19. Details

The technical summary data is suggesting a short of FBT if it tests 171.69 with a downside target of 168.16. We should have a stop loss in place at 172.19 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, 171.69, 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 FBT

• Buy FBT slightly over 171.69, target 172.11, Stop Loss @ 171.29 Details

If 171.69 begins to break higher, the technical summary data tells us to buy FBT just slightly over 171.69, with an upside target of 172.11. The data also tells us to set a stop loss @ 171.29 in case the stock turns against the trade. 171.69 is the first level of resistance above 171.02, and by rule, any break above resistance is a buy signal. In this case, 171.69, 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 FBT slightly near 171.69, target 168.16, Stop Loss @ 172.09. Details

The technical summary data is suggesting a short of FBT if it tests 171.69 with a downside target of 168.16. We should have a stop loss in place at 172.09 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, 171.69, 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 First Trust Nyse Arca Biotechnology Index Fund (FBT) available here: FBT.

FBT Ratings for October 21:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	160.2
P2	172.11	171.69	168.16
P3	173.2	174.19	175.79

AI Generated Signals for FBT

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Warning:

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