(BDJ) Proactive Strategies

August 22, 2024, 14:48 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BDJ

• Buy BDJ slightly over 8.32 target 8.54 stop loss @ 8.3 Details

The technical summary data tells us to buy BDJ near 8.32 with an upside target of 8.54. This data also tells us to set a stop loss @ 8.3 to protect against excessive loss in case the stock begins to move against the trade. 8.32 is the first level of support below 8.375 , and by rule, any test of support is a buy signal. In this case, support 8.32 is being tested, a buy signal would exist.

• Short BDJ slightly under 8.54, target 8.32, stop loss @ 8.56 Details

The technical summary data is suggesting a short of BDJ as it gets near 8.54 with a downside target of 8.32. We should have a stop loss in place at 8.56though. 8.54 is the first level of resistance above 8.375, and by rule, any test of resistance is a short signal. In this case, if resistance 8.54 is being tested, a short signal would exist.

Swing Trading Plans for BDJ

• Buy BDJ slightly over n/a, target n/a, Stop Loss @ 0 Details

If n/a begins to break higher, the technical summary data tells us to buy BDJ just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 8.375, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 BDJ slightly near n/a, target 8.07, Stop Loss @ 0. Details

The technical summary data is suggesting a short of BDJ if it tests n/a with a downside target of 8.07. We should have a stop loss in place at 0 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, n/a, 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 BDJ

• Buy BDJ slightly over 8.54, target n/a, Stop Loss @ 8.52 Details

If 8.54 begins to break higher, the technical summary data tells us to buy BDJ just slightly over 8.54, with an upside target of n/a. The data also tells us to set a stop loss @ 8.52 in case the stock turns against the trade. 8.54 is the first level of resistance above 8.375, and by rule, any break above resistance is a buy signal. In this case, 8.54, 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 BDJ slightly near 8.54, target 8.07, Stop Loss @ 8.56. Details

The technical summary data is suggesting a short of BDJ if it tests 8.54 with a downside target of 8.07. We should have a stop loss in place at 8.56 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, 8.54, 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 Blackrock Enhanced Equity Dividend Trust (BDJ) available here: BDJ.

BDJ Ratings for August 22:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	8.07
P2	8.38	8.48	8.32
P3	0		8.54

AI Generated Signals for BDJ

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Don't over think it!  Trading Blackrock Enhanced Equity Dividend Trust (NYSE: BDJ) 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 BDJ 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 BDJ 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 BDJ too.  All of these are offered below the Summary Table.