Trading Bank Of Montreal BMO With Integrated Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for BMO
  • NONE. Details
  • There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
    This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

  • Short BMO under 99.81, target n/a, stop loss @ 100.1 Details
  • The technical summary data is suggesting a short of BMO as it gets near 99.81, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 100.1. 99.81 is the first level of resistance above 98.97, and by rule, any test of resistance is a short signal. In this case, if resistance 99.81 is being tested, so a short signal would exist.

Swing Trading Plans for BMO
  • Buy BMO over 99.52, target 99.81, Stop Loss @ 99.23 Details
  • If 99.52 begins to break higher, the technical summary data tells us to buy BMO just over 99.52, with an upside target of 99.81. The data also tells us to set a stop loss @ 99.23 in case the stock turns against the trade. 99.52 is the first level of resistance above 98.97, and by rule, any break above resistance is a buy signal. In this case, 99.52, 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 BMO near 99.52, target n/a, Stop Loss @ 99.81. Details
  • The technical summary data is suggesting a short of BMO if it tests 99.52 with a downside target of n/a. We should have a stop loss in place at 99.81 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, 99.52, 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 BMO
  • Buy BMO over 99.52, target 99.81, Stop Loss @ 99.29 Details
  • If 99.52 begins to break higher, the technical summary data tells us to buy BMO just over 99.52, with an upside target of 99.81. The data also tells us to set a stop loss @ 99.29 in case the stock turns against the trade. 99.52 is the first level of resistance above 98.97, and by rule, any break above resistance is a buy signal. In this case, 99.52, 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 BMO near 99.52, target 97.88, Stop Loss @ 99.75. Details
  • The technical summary data is suggesting a short of BMO if it tests 99.52 with a downside target of 97.88. We should have a stop loss in place at 99.75 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, 99.52, 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.

BMO Ratings for August 05:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 99.81
P2 97.88 99.52 109.15
P3 100.13 102.67 118.86

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BMO Long Term Analysis for August 5 2022


BMO Swing Trading Analysis for August 5 2022


BMO Day Trading Analysis for August 5 2022

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