Learn to Evaluate (BLCN) using the Charts
November 21, 2024, 17:02 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BLCN
- Buy BLCN near 26.55 target 29.24 stop loss @ 26.47 Details
The technical summary data tells us to buy BLCN near 26.55 with an upside target of 29.24. This data also tells us to set a stop loss @ 26.47 to protect against excessive loss in case the stock begins to move against the trade. 26.55 is the first level of support below 28.66 , and by rule, any test of support is a buy signal. In this case, support 26.55 is being tested, a buy signal would exist.
- Short BLCN slightly under 29.24, target 26.55, stop loss @ 29.32 Details
The technical summary data is suggesting a short of BLCN as it gets near 29.24 with a downside target of 26.55. We should have a stop loss in place at 29.32though. 29.24 is the first level of resistance above 28.66, and by rule, any test of resistance is a short signal. In this case, if resistance 29.24 is being tested, a short signal would exist.
Swing Trading Plans for BLCN
- Buy BLCN slightly over 29.24, target 30.19, Stop Loss @ 29.16 Details
If 29.24 begins to break higher, the technical summary data tells us to buy BLCN just slightly over 29.24, with an upside target of 30.19. The data also tells us to set a stop loss @ 29.16 in case the stock turns against the trade. 29.24 is the first level of resistance above 28.66, and by rule, any break above resistance is a buy signal. In this case, 29.24, 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 BLCN slightly near 29.24, target 28.06, Stop Loss @ 29.32. Details
The technical summary data is suggesting a short of BLCN if it tests 29.24 with a downside target of 28.06. We should have a stop loss in place at 29.32 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, 29.24, 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 BLCN
- Buy BLCN slightly over 29.24, target 30.19, Stop Loss @ 29.17 Details
If 29.24 begins to break higher, the technical summary data tells us to buy BLCN just slightly over 29.24, with an upside target of 30.19. The data also tells us to set a stop loss @ 29.17 in case the stock turns against the trade. 29.24 is the first level of resistance above 28.66, and by rule, any break above resistance is a buy signal. In this case, 29.24, 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 BLCN slightly near 29.24, target 28.33, Stop Loss @ 29.31. Details
The technical summary data is suggesting a short of BLCN if it tests 29.24 with a downside target of 28.33. We should have a stop loss in place at 29.31 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, 29.24, 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 Siren Nasdaq Nexgen Economy Etf (BLCN) available here: BLCN.
BLCN Ratings for November 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
23.57 |
| P2 |
28.33 |
28.06 |
26.55 |
| P3 |
29.05 |
30.19 |
29.24 |
AI Generated Signals for BLCN
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 Siren Nasdaq Nexgen Economy Etf (NASDAQ: BLCN) report below can help you understand how to do this. The trading plans for BLCN, 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 BLCN:
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