Learn to Evaluate (BIB) using the Charts
December 02, 2024, 07:08 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BIB
- Buy BIB near 57.54 target 63.99 stop loss @ 57.37 Details
The technical summary data tells us to buy BIB near 57.54 with an upside target of 63.99. This data also tells us to set a stop loss @ 57.37 to protect against excessive loss in case the stock begins to move against the trade. 57.54 is the first level of support below 59.53 , and by rule, any test of support is a buy signal. In this case, support 57.54 would be being tested, so a buy signal would exist.
- Short BIB slightly under 63.99, target 57.54, stop loss @ 64.17 Details
The technical summary data is suggesting a short of BIB as it gets near 63.99 with a downside target of 57.54. We should have a stop loss in place at 64.17though. 63.99 is the first level of resistance above 59.53, and by rule, any test of resistance is a short signal. In this case, if resistance 63.99 is being tested, so a short signal would exist.
Swing Trading Plans for BIB
- Buy BIB slightly over 59.99, target 63.99, Stop Loss @ 59.82 Details
If 59.99 begins to break higher, the technical summary data tells us to buy BIB just slightly over 59.99, with an upside target of 63.99. The data also tells us to set a stop loss @ 59.82 in case the stock turns against the trade. 59.99 is the first level of resistance above 59.53, and by rule, any break above resistance is a buy signal. In this case, 59.99, 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 BIB slightly near 59.99, target 57.54, Stop Loss @ 60.16. Details
The technical summary data is suggesting a short of BIB if it tests 59.99 with a downside target of 57.54. We should have a stop loss in place at 60.16 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, 59.99, 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 BIB
- Buy BIB slightly over 59.99, target 60.8, Stop Loss @ 59.85 Details
If 59.99 begins to break higher, the technical summary data tells us to buy BIB just slightly over 59.99, with an upside target of 60.8. The data also tells us to set a stop loss @ 59.85 in case the stock turns against the trade. 59.99 is the first level of resistance above 59.53, and by rule, any break above resistance is a buy signal. In this case, 59.99, 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 BIB slightly near 59.99, target 59.24, Stop Loss @ 60.13. Details
The technical summary data is suggesting a short of BIB if it tests 59.99 with a downside target of 59.24. We should have a stop loss in place at 60.13 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, 59.99, 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 Proshares Trust (BIB) available here: BIB.
BIB Ratings for December 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
57.54 |
| P2 |
59.24 |
53.46 |
63.99 |
| P3 |
60.8 |
59.99 |
70.33 |
AI Generated Signals for BIB
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 Proshares Trust (NYSE: BIB) report below can help you understand how to do this. The trading plans for BIB, 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 BIB:
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