Trading (BBIO) With Integrated Risk Controls
December 02, 2024, 04:48 am ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BBIO
- Buy BBIO near 22.86 target 27.2 stop loss @ 22.79 Details
The technical summary data tells us to buy BBIO near 22.86 with an upside target of 27.2. This data also tells us to set a stop loss @ 22.79 to protect against excessive loss in case the stock begins to move against the trade. 22.86 is the first level of support below 27.09 , and by rule, any test of support is a buy signal. In this case, support 22.86 is being tested, a buy signal would exist.
- Short BBIO slightly under 27.2, target 22.86, stop loss @ 27.28 Details
The technical summary data is suggesting a short of BBIO as it gets near 27.2 with a downside target of 22.86. We should have a stop loss in place at 27.28though. 27.2 is the first level of resistance above 27.09, and by rule, any test of resistance is a short signal. In this case, if resistance 27.2 is being tested, a short signal would exist.
Swing Trading Plans for BBIO
- Buy BBIO slightly over 27.2, target 28.45, Stop Loss @ 27.12 Details
If 27.2 begins to break higher, the technical summary data tells us to buy BBIO just slightly over 27.2, with an upside target of 28.45. The data also tells us to set a stop loss @ 27.12 in case the stock turns against the trade. 27.2 is the first level of resistance above 27.09, and by rule, any break above resistance is a buy signal. In this case, 27.2, 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 BBIO slightly near 27.2, target 24.54, Stop Loss @ 27.28. Details
The technical summary data is suggesting a short of BBIO if it tests 27.2 with a downside target of 24.54. We should have a stop loss in place at 27.28 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, 27.2, 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 BBIO
- Buy BBIO slightly over 27.2, target 28.45, Stop Loss @ 27.14 Details
If 27.2 begins to break higher, the technical summary data tells us to buy BBIO just slightly over 27.2, with an upside target of 28.45. The data also tells us to set a stop loss @ 27.14 in case the stock turns against the trade. 27.2 is the first level of resistance above 27.09, and by rule, any break above resistance is a buy signal. In this case, 27.2, 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 BBIO slightly near 27.2, target 26.93, Stop Loss @ 27.26. Details
The technical summary data is suggesting a short of BBIO if it tests 27.2 with a downside target of 26.93. We should have a stop loss in place at 27.26 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, 27.2, 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 Bridgebio Pharma Inc. (BBIO) available here: BBIO.
BBIO Ratings for December 02:
Term → | Near |
Mid |
Long |
Rating |
Strong |
Neutral |
Weak |
P1 |
0 |
0 |
19.05 |
P2 |
26.93 |
24.54 |
22.86 |
P3 |
30.16 |
28.45 |
27.2 |
AI Generated Signals for BBIO
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BBIO: