Trading (BTO) With Integrated Risk Controls
October 20, 2024, 12:18 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BTO
- Buy BTO near 33.84 target n/a stop loss @ 33.74. Details
The technical summary data tells us to buy BTO near 33.84, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 33.74 to protect against excessive loss in case the stock begins to move against the trade. 33.84 is the first level of support below 34.72, and by rule, any test of support is a buy signal. In this case, if support 33.84 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for BTO
- Buy BTO slightly over 35.29, target n/a, Stop Loss @ 35.19 Details
If 35.29 begins to break higher, the technical summary data tells us to buy BTO just slightly over 35.29, with an upside target of n/a. The data also tells us to set a stop loss @ 35.19 in case the stock turns against the trade. 35.29 is the first level of resistance above 34.72, and by rule, any break above resistance is a buy signal. In this case, 35.29, 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 BTO slightly near 35.29, target 34.48, Stop Loss @ 35.39. Details
The technical summary data is suggesting a short of BTO if it tests 35.29 with a downside target of 34.48. We should have a stop loss in place at 35.39 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, 35.29, 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 BTO
- Buy BTO slightly over 35.34, target n/a, Stop Loss @ 35.26 Details
If 35.34 begins to break higher, the technical summary data tells us to buy BTO just slightly over 35.34, with an upside target of n/a. The data also tells us to set a stop loss @ 35.26 in case the stock turns against the trade. 35.34 is the first level of resistance above 34.72, and by rule, any break above resistance is a buy signal. In this case, 35.34, 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 BTO slightly near 35.34, target 34.63, Stop Loss @ 35.42. Details
The technical summary data is suggesting a short of BTO if it tests 35.34 with a downside target of 34.63. We should have a stop loss in place at 35.42 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, 35.34, 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 John Hancock Financial Opportunities Fund (BTO) available here: BTO.
BTO Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
29.21 |
| P2 |
34.63 |
34.48 |
31.52 |
| P3 |
35.34 |
35.29 |
33.84 |
AI Generated Signals for BTO
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The John Hancock Financial Opportunities Fund (NYSE: BTO) report below can help you, but we have more details too. The trading plans for BTO, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for BTO:
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