(BASE) Pivots Trading Plans and Risk Controls

November 10, 2024, 20:40 pm ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BASE

• Buy BASE near 17.05 target 21.57 stop loss @ 17 Details

The technical summary data tells us to buy BASE near 17.05 with an upside target of 21.57. This data also tells us to set a stop loss @ 17 to protect against excessive loss in case the stock begins to move against the trade. 17.05 is the first level of support below 18.17 , and by rule, any test of support is a buy signal. In this case, support 17.05 is being tested, a buy signal would exist.

• Short BASE slightly under 21.57, target 17.05, stop loss @ 21.63 Details

The technical summary data is suggesting a short of BASE as it gets near 21.57 with a downside target of 17.05. We should have a stop loss in place at 21.63though. 21.57 is the first level of resistance above 18.17, and by rule, any test of resistance is a short signal. In this case, if resistance 21.57 is being tested, a short signal would exist.

Swing Trading Plans for BASE

• Buy BASE slightly over 21.57, target n/a, Stop Loss @ 21.51 Details

If 21.57 begins to break higher, the technical summary data tells us to buy BASE just slightly over 21.57, with an upside target of n/a. The data also tells us to set a stop loss @ 21.51 in case the stock turns against the trade. 21.57 is the first level of resistance above 18.17, and by rule, any break above resistance is a buy signal. In this case, 21.57, 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 BASE slightly near 21.57, target 18.14, Stop Loss @ 21.63. Details

The technical summary data is suggesting a short of BASE if it tests 21.57 with a downside target of 18.14. We should have a stop loss in place at 21.63 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, 21.57, 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 BASE

• Buy BASE slightly over 18.91, target 21.57, Stop Loss @ 18.87 Details

If 18.91 begins to break higher, the technical summary data tells us to buy BASE just slightly over 18.91, with an upside target of 21.57. The data also tells us to set a stop loss @ 18.87 in case the stock turns against the trade. 18.91 is the first level of resistance above 18.17, and by rule, any break above resistance is a buy signal. In this case, 18.91, 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 BASE slightly near 18.91, target 18.15, Stop Loss @ 18.95. Details

The technical summary data is suggesting a short of BASE if it tests 18.91 with a downside target of 18.15. We should have a stop loss in place at 18.95 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, 18.91, 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 Couchbase Inc. (BASE) available here: BASE.

BASE Ratings for November 10:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Weak
P1	0	0	12.75
P2	18.15	16.99	17.05
P3	18.91	18.14	21.57

AI Generated Signals for BASE

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This Couchbase Inc. (NASDAQ: BASE) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BASE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BASE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BASE too.  All of these are offered below the Summary Table.