Trading (ESBA) With Integrated Risk Controls
August 06, 2024, 04:00 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ESBA
- Buy ESBA slightly over 9.99 target 10.86 stop loss @ 9.96 Details
The technical summary data tells us to buy ESBA near 9.99 with an upside target of 10.86. This data also tells us to set a stop loss @ 9.96 to protect against excessive loss in case the stock begins to move against the trade. 9.99 is the first level of support below 10.05 , and by rule, any test of support is a buy signal. In this case, support 9.99 is being tested, a buy signal would exist.
- Short ESBA slightly under 10.86, target 9.99, stop loss @ 10.89 Details
The technical summary data is suggesting a short of ESBA as it gets near 10.86 with a downside target of 9.99. We should have a stop loss in place at 10.89though. 10.86 is the first level of resistance above 10.05, and by rule, any test of resistance is a short signal. In this case, if resistance 10.86 is being tested, a short signal would exist.
Swing Trading Plans for ESBA
- Buy ESBA slightly over 10.47, target 10.86, Stop Loss @ 10.44 Details
If 10.47 begins to break higher, the technical summary data tells us to buy ESBA just slightly over 10.47, with an upside target of 10.86. The data also tells us to set a stop loss @ 10.44 in case the stock turns against the trade. 10.47 is the first level of resistance above 10.05, and by rule, any break above resistance is a buy signal. In this case, 10.47, 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 ESBA slightly near 10.47, target 9.99, Stop Loss @ 10.5. Details
The technical summary data is suggesting a short of ESBA if it tests 10.47 with a downside target of 9.99. We should have a stop loss in place at 10.5 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, 10.47, 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 ESBA
- Buy ESBA slightly over 10.23, target 10.47, Stop Loss @ 10.21 Details
If 10.23 begins to break higher, the technical summary data tells us to buy ESBA just slightly over 10.23, with an upside target of 10.47. The data also tells us to set a stop loss @ 10.21 in case the stock turns against the trade. 10.23 is the first level of resistance above 10.05, and by rule, any break above resistance is a buy signal. In this case, 10.23, 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 ESBA slightly near 10.23, target 9.99, Stop Loss @ 10.25. Details
The technical summary data is suggesting a short of ESBA if it tests 10.23 with a downside target of 9.99. We should have a stop loss in place at 10.25 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, 10.23, 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 Empire State Realty Op Lp Unit - Ser Es (ESBA) available here: ESBA.
ESBA Ratings for August 06:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Strong |
P1 |
0 |
0 |
9.01 |
P2 |
9.79 |
9.91 |
9.99 |
P3 |
10.23 |
10.47 |
10.86 |
AI Generated Signals for ESBA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for ESBA: