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

December 28, 2024, 22:04 pm ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BUFR

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Swing Trading Plans for BUFR

• Buy BUFR slightly over 30.74, target 31.07, Stop Loss @ 30.65 Details

If 30.74 begins to break higher, the technical summary data tells us to buy BUFR just slightly over 30.74, with an upside target of 31.07. The data also tells us to set a stop loss @ 30.65 in case the stock turns against the trade. 30.74 is the first level of resistance above 30.67, and by rule, any break above resistance is a buy signal. In this case, 30.74, 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 BUFR slightly near 30.74, target 30.44, Stop Loss @ 30.83. Details

The technical summary data is suggesting a short of BUFR if it tests 30.74 with a downside target of 30.44. We should have a stop loss in place at 30.83 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, 30.74, 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 BUFR

• Buy BUFR slightly over 31.07, target n/a, Stop Loss @ 31 Details

If 31.07 begins to break higher, the technical summary data tells us to buy BUFR just slightly over 31.07, with an upside target of n/a. The data also tells us to set a stop loss @ 31 in case the stock turns against the trade. 31.07 is the first level of resistance above 30.67, and by rule, any break above resistance is a buy signal. In this case, 31.07, 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 BUFR slightly near 31.07, target 30.44, Stop Loss @ 31.14. Details

The technical summary data is suggesting a short of BUFR if it tests 31.07 with a downside target of 30.44. We should have a stop loss in place at 31.14 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, 31.07, 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  Ft Cboe Vest Fund Of Buffer Etfs (BUFR) available here: BUFR.

BUFR Ratings for December 28:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	30.16
P2	30.67	30.44	30.67
P3	30.89	30.74	31.07

AI Generated Signals for BUFR

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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  Ft Cboe Vest Fund Of Buffer Etfs (NASDAQ: BUFR) data table below can help you with price action, and we have more details too. Trading plans for BUFR 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.