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How the (BMA) price action is used to our Advantage

Longer Term Trading Plans for BMA
  • Buy BMA near 63.44 target 72.89 stop loss @ 63.26 Details
  • The technical summary data tells us to buy BMA near 63.44 with an upside target of 72.89. This data also tells us to set a stop loss @ 63.26 to protect against excessive loss in case the stock begins to move against the trade. 63.44 is the first level of support below 69.55 , and by rule, any test of support is a buy signal. In this case, support 63.44 is being tested, a buy signal would exist.

  • Short BMA slightly under 72.89, target 63.44, stop loss @ 73.1 Details
  • The technical summary data is suggesting a short of BMA as it gets near 72.89 with a downside target of 63.44. We should have a stop loss in place at 73.1though. 72.89 is the first level of resistance above 69.55, and by rule, any test of resistance is a short signal. In this case, if resistance 72.89 is being tested, a short signal would exist.

Swing Trading Plans for BMA
  • Buy BMA slightly over 70.06, target 72.89, Stop Loss @ 69.86 Details
  • If 70.06 begins to break higher, the technical summary data tells us to buy BMA just slightly over 70.06, with an upside target of 72.89. The data also tells us to set a stop loss @ 69.86 in case the stock turns against the trade. 70.06 is the first level of resistance above 69.55, and by rule, any break above resistance is a buy signal. In this case, 70.06, 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 BMA slightly near 70.06, target 66.41, Stop Loss @ 70.26. Details
  • The technical summary data is suggesting a short of BMA if it tests 70.06 with a downside target of 66.41. We should have a stop loss in place at 70.26 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, 70.06, 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 BMA
  • Buy BMA slightly over 70.06, target 70.74, Stop Loss @ 69.9 Details
  • If 70.06 begins to break higher, the technical summary data tells us to buy BMA just slightly over 70.06, with an upside target of 70.74. The data also tells us to set a stop loss @ 69.9 in case the stock turns against the trade. 70.06 is the first level of resistance above 69.55, and by rule, any break above resistance is a buy signal. In this case, 70.06, 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 BMA slightly near 70.06, target 68.76, Stop Loss @ 70.22. Details
  • The technical summary data is suggesting a short of BMA if it tests 70.06 with a downside target of 68.76. We should have a stop loss in place at 70.22 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, 70.06, 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  Banco Macro S.a. Adr (representing Ten Class B) (BMA) available here: BMA.

BMA Ratings for September 18:

Term →Near Mid Long
Rating Strong Strong Strong
P1 0 0 54.61
P2 68.76 66.41 63.44
P3 70.74 70.06 72.89
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AI Generated Signals for BMA

BMA Long Term Analysis for September 18 2024

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  Banco Macro S.a. Adr (representing Ten Class B) (NYSE: BMA) data table below can help you with price action, and we have more details too. Trading plans for BMA 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.