How the (BHF) price action is used to our Advantage
August 10, 2024, 09:52 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BHF
- Buy BHF slightly over 41.73 target 46.07 stop loss @ 41.61 Details
The technical summary data tells us to buy BHF near 41.73 with an upside target of 46.07. This data also tells us to set a stop loss @ 41.61 to protect against excessive loss in case the stock begins to move against the trade. 41.73 is the first level of support below 41.96 , and by rule, any test of support is a buy signal. In this case, support 41.73 would be being tested, so a buy signal would exist.
- Short BHF slightly under 46.07, target 41.73, stop loss @ 46.2 Details
The technical summary data is suggesting a short of BHF as it gets near 46.07 with a downside target of 41.73. We should have a stop loss in place at 46.2though. 46.07 is the first level of resistance above 41.96, and by rule, any test of resistance is a short signal. In this case, if resistance 46.07 is being tested, so a short signal would exist.
Swing Trading Plans for BHF
- Buy BHF slightly over 45.28, target 46.07, Stop Loss @ 45.15 Details
If 45.28 begins to break higher, the technical summary data tells us to buy BHF just slightly over 45.28, with an upside target of 46.07. The data also tells us to set a stop loss @ 45.15 in case the stock turns against the trade. 45.28 is the first level of resistance above 41.96, and by rule, any break above resistance is a buy signal. In this case, 45.28, 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 BHF slightly near 45.28, target 41.73, Stop Loss @ 45.41. Details
The technical summary data is suggesting a short of BHF if it tests 45.28 with a downside target of 41.73. We should have a stop loss in place at 45.41 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, 45.28, 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 BHF
- Buy BHF slightly over 43.44, target 45.28, Stop Loss @ 43.34 Details
If 43.44 begins to break higher, the technical summary data tells us to buy BHF just slightly over 43.44, with an upside target of 45.28. The data also tells us to set a stop loss @ 43.34 in case the stock turns against the trade. 43.44 is the first level of resistance above 41.96, and by rule, any break above resistance is a buy signal. In this case, 43.44, 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 BHF slightly near 43.44, target 41.73, Stop Loss @ 43.54. Details
The technical summary data is suggesting a short of BHF if it tests 43.44 with a downside target of 41.73. We should have a stop loss in place at 43.54 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, 43.44, 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 Brighthouse Financial Inc. (BHF) available here: BHF.
BHF Ratings for August 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
41.73 |
| P2 |
41.45 |
41.39 |
46.07 |
| P3 |
43.44 |
45.28 |
50.43 |
AI Generated Signals for BHF
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Brighthouse Financial Inc. (NYSE: BHF) data table below can help you with price action, and we have more details too. Trading plans for BHF are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BHF:
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