When (BCD) Moves Investors should Listen
September 02, 2024, 08:20 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BCD
- Buy BCD slightly over 30.76 target 32.03 stop loss @ 30.67 Details
The technical summary data tells us to buy BCD near 30.76 with an upside target of 32.03. This data also tells us to set a stop loss @ 30.67 to protect against excessive loss in case the stock begins to move against the trade. 30.76 is the first level of support below 31.285 , and by rule, any test of support is a buy signal. In this case, support 30.76 would be being tested, so a buy signal would exist.
- Short BCD slightly under 32.03, target 30.76, stop loss @ 32.12 Details
The technical summary data is suggesting a short of BCD as it gets near 32.03 with a downside target of 30.76. We should have a stop loss in place at 32.12though. 32.03 is the first level of resistance above 31.285, and by rule, any test of resistance is a short signal. In this case, if resistance 32.03 is being tested, so a short signal would exist.
Swing Trading Plans for BCD
- Buy BCD slightly over 31.3, target 31.64, Stop Loss @ 31.21 Details
If 31.3 begins to break higher, the technical summary data tells us to buy BCD just slightly over 31.3, with an upside target of 31.64. The data also tells us to set a stop loss @ 31.21 in case the stock turns against the trade. 31.3 is the first level of resistance above 31.285, and by rule, any break above resistance is a buy signal. In this case, 31.3, 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 BCD slightly near 31.3, target 30.76, Stop Loss @ 31.39. Details
The technical summary data is suggesting a short of BCD if it tests 31.3 with a downside target of 30.76. We should have a stop loss in place at 31.39 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, 31.3, 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 BCD
- Buy BCD slightly over 31.39, target 31.64, Stop Loss @ 31.32 Details
If 31.39 begins to break higher, the technical summary data tells us to buy BCD just slightly over 31.39, with an upside target of 31.64. The data also tells us to set a stop loss @ 31.32 in case the stock turns against the trade. 31.39 is the first level of resistance above 31.285, and by rule, any break above resistance is a buy signal. In this case, 31.39, 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 BCD slightly near 31.39, target 30.76, Stop Loss @ 31.46. Details
The technical summary data is suggesting a short of BCD if it tests 31.39 with a downside target of 30.76. We should have a stop loss in place at 31.46 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, 31.39, 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 Abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free Etf (BCD) available here: BCD.
BCD Ratings for September 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
30.76 |
| P2 |
31.39 |
31.3 |
32.03 |
| P3 |
0 |
31.64 |
33.34 |
AI Generated Signals for BCD
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 Abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free Etf (NYSE: BCD) report below is a real world example. Included are trading plans for BCD, 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 BCD:
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