When (BELFA) Moves Investors should Listen
November 16, 2024, 20:44 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BELFA
- Buy BELFA near 90.29 target 98.77 stop loss @ 90.03 Details
The technical summary data tells us to buy BELFA near 90.29 with an upside target of 98.77. This data also tells us to set a stop loss @ 90.03 to protect against excessive loss in case the stock begins to move against the trade. 90.29 is the first level of support below 91.6 , and by rule, any test of support is a buy signal. In this case, support 90.29 would be being tested, so a buy signal would exist.
- Short BELFA slightly under 98.77, target 90.29, stop loss @ 99.06 Details
The technical summary data is suggesting a short of BELFA as it gets near 98.77 with a downside target of 90.29. We should have a stop loss in place at 99.06though. 98.77 is the first level of resistance above 91.6, and by rule, any test of resistance is a short signal. In this case, if resistance 98.77 is being tested, so a short signal would exist.
Swing Trading Plans for BELFA
- Buy BELFA slightly over 92.25, target 98.77, Stop Loss @ 91.98 Details
If 92.25 begins to break higher, the technical summary data tells us to buy BELFA just slightly over 92.25, with an upside target of 98.77. The data also tells us to set a stop loss @ 91.98 in case the stock turns against the trade. 92.25 is the first level of resistance above 91.6, and by rule, any break above resistance is a buy signal. In this case, 92.25, 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 BELFA slightly near 92.25, target 90.29, Stop Loss @ 92.52. Details
The technical summary data is suggesting a short of BELFA if it tests 92.25 with a downside target of 90.29. We should have a stop loss in place at 92.52 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, 92.25, 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 BELFA
- Buy BELFA slightly over 92.25, target 98.77, Stop Loss @ 92.03 Details
If 92.25 begins to break higher, the technical summary data tells us to buy BELFA just slightly over 92.25, with an upside target of 98.77. The data also tells us to set a stop loss @ 92.03 in case the stock turns against the trade. 92.25 is the first level of resistance above 91.6, and by rule, any break above resistance is a buy signal. In this case, 92.25, 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 BELFA slightly near 92.25, target 90.58, Stop Loss @ 92.47. Details
The technical summary data is suggesting a short of BELFA if it tests 92.25 with a downside target of 90.58. We should have a stop loss in place at 92.47 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, 92.25, 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 Bel Fuse Inc. Class A Common Stock (BELFA) available here: BELFA.
BELFA Ratings for November 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
90.29 |
| P2 |
88.61 |
92.25 |
98.77 |
| P3 |
90.58 |
99.86 |
107.4 |
AI Generated Signals for BELFA
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 Bel Fuse Inc. Class A Common Stock (NASDAQ: BELFA) report below is a real world example. Included are trading plans for BELFA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BELFA:
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