How the (SABA) price action is used to our Advantage
October 28, 2024, 01:02 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SABA
- Buy SABA near 8.3 target 8.64 stop loss @ 8.28 Details
The technical summary data tells us to buy SABA near 8.3 with an upside target of 8.64. This data also tells us to set a stop loss @ 8.28 to protect against excessive loss in case the stock begins to move against the trade. 8.3 is the first level of support below 8.45 , and by rule, any test of support is a buy signal. In this case, support 8.3 is being tested, a buy signal would exist.
- Short SABA slightly under 8.64, target 8.3, stop loss @ 8.66 Details
The technical summary data is suggesting a short of SABA as it gets near 8.64 with a downside target of 8.3. We should have a stop loss in place at 8.66though. 8.64 is the first level of resistance above 8.45, and by rule, any test of resistance is a short signal. In this case, if resistance 8.64 is being tested, a short signal would exist.
Swing Trading Plans for SABA
- Buy SABA slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy SABA just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 8.45, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 SABA slightly near n/a, target 8.3, Stop Loss @ 0. Details
The technical summary data is suggesting a short of SABA if it tests n/a with a downside target of 8.3. We should have a stop loss in place at 0 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, n/a, 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 SABA
- Buy SABA slightly over 8.64, target n/a, Stop Loss @ 8.62 Details
If 8.64 begins to break higher, the technical summary data tells us to buy SABA just slightly over 8.64, with an upside target of n/a. The data also tells us to set a stop loss @ 8.62 in case the stock turns against the trade. 8.64 is the first level of resistance above 8.45, and by rule, any break above resistance is a buy signal. In this case, 8.64, 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 SABA slightly near 8.64, target 7.99, Stop Loss @ 8.66. Details
The technical summary data is suggesting a short of SABA if it tests 8.64 with a downside target of 7.99. We should have a stop loss in place at 8.66 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, 8.64, 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 Templeton Global Income Fund Inc. (SABA) available here: SABA.
SABA Ratings for October 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
7.99 |
| P2 |
8.48 |
8.51 |
8.3 |
| P3 |
0 |
|
8.64 |
AI Generated Signals for SABA
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 Templeton Global Income Fund Inc. (NASDAQ: SABA) data table below can help you with price action, and we have more details too. Trading plans for SABA 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 SABA:
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