Learn to Evaluate (FBL) using the Charts
June 11, 2024, 12:36 pm 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 22.13 target 26.8 stop loss @ 22.07 Details
The technical summary data tells us to buy FBL near 22.13 with an upside target of 26.8. This data also tells us to set a stop loss @ 22.07 to protect against excessive loss in case the stock begins to move against the trade. 22.13 is the first level of support below 26.43 , and by rule, any test of support is a buy signal. In this case, support 22.13 would be being tested, so a buy signal would exist.
- Short FBL slightly under 26.8, target 22.13, stop loss @ 26.88 Details
The technical summary data is suggesting a short of FBL as it gets near 26.8 with a downside target of 22.13. We should have a stop loss in place at 26.88though. 26.8 is the first level of resistance above 26.43, and by rule, any test of resistance is a short signal. In this case, if resistance 26.8 is being tested, so a short signal would exist.
Swing Trading Plans for FBL
- Buy FBL slightly over 26.91, target 32.07, Stop Loss @ 26.83 Details
If 26.91 begins to break higher, the technical summary data tells us to buy FBL just slightly over 26.91, with an upside target of 32.07. The data also tells us to set a stop loss @ 26.83 in case the stock turns against the trade. 26.91 is the first level of resistance above 26.43, and by rule, any break above resistance is a buy signal. In this case, 26.91, 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 FBL slightly near 26.91, target 24.98, Stop Loss @ 26.99. Details
The technical summary data is suggesting a short of FBL if it tests 26.91 with a downside target of 24.98. We should have a stop loss in place at 26.99 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, 26.91, 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.
Day Trading Plans for FBL
- Buy FBL slightly over 26.91, target 27.35, Stop Loss @ 26.85 Details
If 26.91 begins to break higher, the technical summary data tells us to buy FBL just slightly over 26.91, with an upside target of 27.35. The data also tells us to set a stop loss @ 26.85 in case the stock turns against the trade. 26.91 is the first level of resistance above 26.43, and by rule, any break above resistance is a buy signal. In this case, 26.91, 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 FBL slightly near 26.91, target 26.39, Stop Loss @ 26.97. Details
The technical summary data is suggesting a short of FBL if it tests 26.91 with a downside target of 26.39. We should have a stop loss in place at 26.97 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, 26.91, 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 Graniteshares 1.5x Long Meta Daily Etf (FBL) available here: FBL.
FBL Ratings for June 11:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
22.13 |
| P2 |
26.39 |
24.98 |
26.8 |
| P3 |
27.35 |
26.91 |
32.07 |
AI Generated Signals for FBL
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Graniteshares 1.5x Long Meta Daily Etf (NYSE: FBL) report below can help you understand how to do this. The trading plans for FBL, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for FBL:
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