Trading (BNS) With Integrated Risk Controls
July 18, 2024, 17:08 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BNS
- Buy BNS slightly over 47.15 target 49.82 stop loss @ 47.01 Details
The technical summary data tells us to buy BNS near 47.15 with an upside target of 49.82. This data also tells us to set a stop loss @ 47.01 to protect against excessive loss in case the stock begins to move against the trade. 47.15 is the first level of support below 47.33 , and by rule, any test of support is a buy signal. In this case, support 47.15 is being tested, a buy signal would exist.
- Short BNS slightly under 49.82, target 47.15, stop loss @ 49.96 Details
The technical summary data is suggesting a short of BNS as it gets near 49.82 with a downside target of 47.15. We should have a stop loss in place at 49.96though. 49.82 is the first level of resistance above 47.33, and by rule, any test of resistance is a short signal. In this case, if resistance 49.82 is being tested, a short signal would exist.
Swing Trading Plans for BNS
- Buy BNS slightly over 47.43, target 48.12, Stop Loss @ 47.29 Details
If 47.43 begins to break higher, the technical summary data tells us to buy BNS just slightly over 47.43, with an upside target of 48.12. The data also tells us to set a stop loss @ 47.29 in case the stock turns against the trade. 47.43 is the first level of resistance above 47.33, and by rule, any break above resistance is a buy signal. In this case, 47.43, 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 BNS slightly near 47.43, target 47.15, Stop Loss @ 47.57. Details
The technical summary data is suggesting a short of BNS if it tests 47.43 with a downside target of 47.15. We should have a stop loss in place at 47.57 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, 47.43, 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 BNS
- Buy BNS slightly over 47.49, target 47.84, Stop Loss @ 47.38 Details
If 47.49 begins to break higher, the technical summary data tells us to buy BNS just slightly over 47.49, with an upside target of 47.84. The data also tells us to set a stop loss @ 47.38 in case the stock turns against the trade. 47.49 is the first level of resistance above 47.33, and by rule, any break above resistance is a buy signal. In this case, 47.49, 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 BNS slightly near 47.49, target 47.15, Stop Loss @ 47.6. Details
The technical summary data is suggesting a short of BNS if it tests 47.49 with a downside target of 47.15. We should have a stop loss in place at 47.6 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, 47.49, 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 Bank Nova Scotia Halifax Pfd 3 (BNS) available here: BNS.
BNS Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
44.38 |
| P2 |
47.49 |
47.43 |
47.15 |
| P3 |
47.84 |
48.12 |
49.82 |
AI Generated Signals for BNS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BNS:
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