How the price action of Biodelivery Sciences (BDSI) is used to our Advantage

October 28, 2021, 16:00 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Biodelivery Sciences (NASDAQ: BDSI) data table below can help you with price action, and we have more details too. Trading plans for BDSI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for BDSI

• Buy BDSI slightly over 3.69 target 4.13 stop loss @ 3.68 Details

The technical summary data tells us to buy BDSI near 3.69 with an upside target of 4.13. This data also tells us to set a stop loss @ 3.68 to protect against excessive loss in case the stock begins to move against the trade. 3.69 is the first level of support below 4.07 , and by rule, any test of support is a buy signal. In this case, support 3.69 is being tested, a buy signal would exist.

• Short BDSI under 4.13, target 3.69, stop loss @ 4.14 Details

The technical summary data is suggesting a short of BDSI as it gets near 4.13 with a downside target of 3.69. We should have a stop loss in place at 4.14though. 4.13 is the first level of resistance above 4.07, and by rule, any test of resistance is a short signal. In this case, if resistance 4.13 is being tested, a short signal would exist.

Swing Trading Plans for BDSI

• Buy BDSI slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy BDSI just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 4.07, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 BDSI near n/a, target 3.69, Stop Loss @ 0. Details

The technical summary data is suggesting a short of BDSI if it tests n/a with a downside target of 3.69. We should have a stop loss in place at 0 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, n/a, 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 BDSI

• Buy BDSI slightly over 4.19, target n/a, Stop Loss @ 4.18 Details

If 4.19 begins to break higher, the technical summary data tells us to buy BDSI just slightly over 4.19, with an upside target of n/a. The data also tells us to set a stop loss @ 4.18 in case the stock turns against the trade. 4.19 is the first level of resistance above 4.07, and by rule, any break above resistance is a buy signal. In this case, 4.19, 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 BDSI near 4.19, target 3.69, Stop Loss @ 4.2. Details

The technical summary data is suggesting a short of BDSI if it tests 4.19 with a downside target of 3.69. We should have a stop loss in place at 4.2 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, 4.19, 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.

BDSI Ratings for October 28:

Support and Resistance Plot Chart for BDSI

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