How the (FBL) price action is used to our Advantage
February 20, 2024, 03:54 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FBL
- Buy FBL slightly over 114.95 target 133.5 stop loss @ 114.62 Details
The technical summary data tells us to buy FBL near 114.95 with an upside target of 133.5. This data also tells us to set a stop loss @ 114.62 to protect against excessive loss in case the stock begins to move against the trade. 114.95 is the first level of support below 126.92 , and by rule, any test of support is a buy signal. In this case, support 114.95 is being tested, a buy signal would exist.
- Short FBL slightly under 133.5, target 114.95, stop loss @ 133.89 Details
The technical summary data is suggesting a short of FBL as it gets near 133.5 with a downside target of 114.95. We should have a stop loss in place at 133.89though. 133.5 is the first level of resistance above 126.92, and by rule, any test of resistance is a short signal. In this case, if resistance 133.5 is being tested, a short signal would exist.
Swing Trading Plans for FBL
- Buy FBL slightly over 133.5, target 140.3, Stop Loss @ 133.11 Details
If 133.5 begins to break higher, the technical summary data tells us to buy FBL just slightly over 133.5, with an upside target of 140.3. The data also tells us to set a stop loss @ 133.11 in case the stock turns against the trade. 133.5 is the first level of resistance above 126.92, and by rule, any break above resistance is a buy signal. In this case, 133.5, 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 FBL slightly near 133.5, target 123.33, Stop Loss @ 133.89. Details
The technical summary data is suggesting a short of FBL if it tests 133.5 with a downside target of 123.33. We should have a stop loss in place at 133.89 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, 133.5, 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 FBL
- Buy FBL slightly over 133.08, target 133.5, Stop Loss @ 132.77 Details
If 133.08 begins to break higher, the technical summary data tells us to buy FBL just slightly over 133.08, with an upside target of 133.5. The data also tells us to set a stop loss @ 132.77 in case the stock turns against the trade. 133.08 is the first level of resistance above 126.92, and by rule, any break above resistance is a buy signal. In this case, 133.08, 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 FBL slightly near 133.08, target 125.72, Stop Loss @ 133.39. Details
The technical summary data is suggesting a short of FBL if it tests 133.08 with a downside target of 125.72. We should have a stop loss in place at 133.39 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, 133.08, 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 Graniteshares 1.5x Long Meta Daily Etf (FBL) available here: FBL.
FBL Ratings for February 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
97.64 |
| P2 |
125.72 |
123.33 |
114.95 |
| P3 |
133.08 |
140.3 |
133.5 |
AI Generated Signals for FBL
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Graniteshares 1.5x Long Meta Daily Etf (NYSE: FBL) data table below can help you with price action, and we have more details too. Trading plans for FBL are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FBL:
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