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When (MBWM) Moves Investors should Listen

Longer Term Trading Plans for MBWM
  • Buy MBWM slightly over 36.06 target 39.59 stop loss @ 35.96 Details
  • The technical summary data tells us to buy MBWM near 36.06 with an upside target of 39.59. This data also tells us to set a stop loss @ 35.96 to protect against excessive loss in case the stock begins to move against the trade. 36.06 is the first level of support below 36.84 , and by rule, any test of support is a buy signal. In this case, support 36.06 would be being tested, so a buy signal would exist.

  • Short MBWM slightly under 39.59, target 36.06, stop loss @ 39.7 Details
  • The technical summary data is suggesting a short of MBWM as it gets near 39.59 with a downside target of 36.06. We should have a stop loss in place at 39.7though. 39.59 is the first level of resistance above 36.84, and by rule, any test of resistance is a short signal. In this case, if resistance 39.59 is being tested, so a short signal would exist.

Swing Trading Plans for MBWM
  • Buy MBWM slightly over 37.13, target 38.41, Stop Loss @ 37.02 Details
  • If 37.13 begins to break higher, the technical summary data tells us to buy MBWM just slightly over 37.13, with an upside target of 38.41. The data also tells us to set a stop loss @ 37.02 in case the stock turns against the trade. 37.13 is the first level of resistance above 36.84, and by rule, any break above resistance is a buy signal. In this case, 37.13, 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 MBWM slightly near 37.13, target 36.06, Stop Loss @ 37.24. Details
  • The technical summary data is suggesting a short of MBWM if it tests 37.13 with a downside target of 36.06. We should have a stop loss in place at 37.24 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, 37.13, 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 MBWM
  • Buy MBWM slightly over 36.86, target 37.13, Stop Loss @ 36.77 Details
  • If 36.86 begins to break higher, the technical summary data tells us to buy MBWM just slightly over 36.86, with an upside target of 37.13. The data also tells us to set a stop loss @ 36.77 in case the stock turns against the trade. 36.86 is the first level of resistance above 36.84, and by rule, any break above resistance is a buy signal. In this case, 36.86, 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 MBWM slightly near 36.86, target 36.06, Stop Loss @ 36.95. Details
  • The technical summary data is suggesting a short of MBWM if it tests 36.86 with a downside target of 36.06. We should have a stop loss in place at 36.95 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, 36.86, 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.

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MBWM Ratings for April 03:

Term →Near Mid Long
Rating Neutral Neutral Strong
P1 0 0 36.06
P2 36.86 37.13 39.59
P3 37.9 38.41 43.17
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Support and Resistance Plot Chart for MBWM

MBWM Long Term Analysis for April 3 2024

Blue = Current Price
Red= Resistance
Green = Support

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Mercantile Bank Corporation (NASDAQ: MBWM) report below is a real world example. Included are trading plans for MBWM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports