Brown-forman Inc Class B BF.B Proactive Strategies

Source: Stock Traders Daily

Longer Term Trading Plans for BF.B
  • Buy BF.B slightly slightly over 65.37 target 70.52 stop loss @ 65.18 Details
  • The technical summary data tells us to buy BF.B near 65.37 with an upside target of 70.52. This data also tells us to set a stop loss @ 65.18 to protect against excessive loss in case the stock begins to move against the trade. 65.37 is the first level of support below 69.83 , and by rule, any test of support is a buy signal. In this case, support 65.37 would be being tested, so a buy signal would exist.

  • Short BF.B slightly under 70.52, target 65.37, stop loss @ 70.72 Details
  • The technical summary data is suggesting a short of BF.B as it gets near 70.52 with a downside target of 65.37. We should have a stop loss in place at 70.72though. 70.52 is the first level of resistance above 69.83, and by rule, any test of resistance is a short signal. In this case, if resistance 70.52 is being tested, so a short signal would exist.

Swing Trading Plans for BF.B
  • Buy BF.B slightly slightly over 70.52, target 71.20, Stop Loss @ 70.32 Details
  • If 70.52 begins to break higher, the technical summary data tells us to buy BF.B just slightly over 70.52, with an upside target of 71.20. The data also tells us to set a stop loss @ 70.32 in case the stock turns against the trade. 70.52 is the first level of resistance above 69.83, and by rule, any break above resistance is a buy signal. In this case, 70.52, 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 BF.B slightly near 70.52, target 69.51, Stop Loss @ 70.72. Details
  • The technical summary data is suggesting a short of BF.B if it tests 70.52 with a downside target of 69.51. We should have a stop loss in place at 70.72 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, 70.52, 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 BF.B
  • Buy BF.B slightly slightly over 70.17, target 70.52, Stop Loss @ 70.01 Details
  • If 70.17 begins to break higher, the technical summary data tells us to buy BF.B just slightly over 70.17, with an upside target of 70.52. The data also tells us to set a stop loss @ 70.01 in case the stock turns against the trade. 70.17 is the first level of resistance above 69.83, and by rule, any break above resistance is a buy signal. In this case, 70.17, 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 BF.B slightly near 70.17, target 69.51, Stop Loss @ 70.33. Details
  • The technical summary data is suggesting a short of BF.B if it tests 70.17 with a downside target of 69.51. We should have a stop loss in place at 70.33 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, 70.17, 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.

BF.B Ratings for September 23:

Term →Near Mid Long
Rating Weak Weak Neutral
P1 0 0 65.37
P2 70.17 69.51 70.52
P3 71.03 71.20 75.39

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BF.B Long Term Analysis for September 23 2022


BF.B Swing Trading Analysis for September 23 2022


BF.B Day Trading Analysis for September 23 2022

Don't over think it!  Trading Brown-forman Inc Class B (NASDAQ: BF.B) or any other stock can be rewarding if the simple rules of technical analysis are observed before making any decisions.  This should be an integral part of the investment process.

Warning:

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

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BF.B 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 BF.B too.  All of these are offered below the Summary Table.