Trading (PBR) With Integrated Risk Controls
January 15, 2024, 11:08 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PBR
- Buy PBR slightly over 15.27 target 16.42 stop loss @ 15.23 Details
The technical summary data tells us to buy PBR near 15.27 with an upside target of 16.42. This data also tells us to set a stop loss @ 15.23 to protect against excessive loss in case the stock begins to move against the trade. 15.27 is the first level of support below 16.34 , and by rule, any test of support is a buy signal. In this case, support 15.27 would be being tested, so a buy signal would exist.
- Short PBR slightly under 16.42, target 15.27, stop loss @ 16.47 Details
The technical summary data is suggesting a short of PBR as it gets near 16.42 with a downside target of 15.27. We should have a stop loss in place at 16.47though. 16.42 is the first level of resistance above 16.34, and by rule, any test of resistance is a short signal. In this case, if resistance 16.42 is being tested, so a short signal would exist.
Swing Trading Plans for PBR
- Buy PBR slightly over 16.5, target 17.72, Stop Loss @ 16.45 Details
If 16.5 begins to break higher, the technical summary data tells us to buy PBR just slightly over 16.5, with an upside target of 17.72. The data also tells us to set a stop loss @ 16.45 in case the stock turns against the trade. 16.5 is the first level of resistance above 16.34, and by rule, any break above resistance is a buy signal. In this case, 16.5, 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 PBR slightly near 16.5, target 15.99, Stop Loss @ 16.55. Details
The technical summary data is suggesting a short of PBR if it tests 16.5 with a downside target of 15.99. We should have a stop loss in place at 16.55 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, 16.5, 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 PBR
- Buy PBR slightly over 16.5, target 17.72, Stop Loss @ 16.46 Details
If 16.5 begins to break higher, the technical summary data tells us to buy PBR just slightly over 16.5, with an upside target of 17.72. The data also tells us to set a stop loss @ 16.46 in case the stock turns against the trade. 16.5 is the first level of resistance above 16.34, and by rule, any break above resistance is a buy signal. In this case, 16.5, 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 PBR slightly near 16.5, target 16.1, Stop Loss @ 16.54. Details
The technical summary data is suggesting a short of PBR if it tests 16.5 with a downside target of 16.1. We should have a stop loss in place at 16.54 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, 16.5, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Petroleo Brasileiro S.a.- Petrobras (PBR) available here: PBR.
PBR Ratings for January 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
15.27 |
| P2 |
16.1 |
15.99 |
16.42 |
| P3 |
16.4 |
16.5 |
17.72 |
AI Generated Signals for PBR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for PBR:
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