Trading (BMA) With Integrated Risk Controls
July 10, 2024, 03:08 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BMA
- Buy BMA slightly over 47.94 target 57.6 stop loss @ 47.8 Details
The technical summary data tells us to buy BMA near 47.94 with an upside target of 57.6. This data also tells us to set a stop loss @ 47.8 to protect against excessive loss in case the stock begins to move against the trade. 47.94 is the first level of support below 55.49 , and by rule, any test of support is a buy signal. In this case, support 47.94 would be being tested, so a buy signal would exist.
- Short BMA slightly under 57.6, target 47.94, stop loss @ 57.77 Details
The technical summary data is suggesting a short of BMA as it gets near 57.6 with a downside target of 47.94. We should have a stop loss in place at 57.77though. 57.6 is the first level of resistance above 55.49, and by rule, any test of resistance is a short signal. In this case, if resistance 57.6 is being tested, so a short signal would exist.
Swing Trading Plans for BMA
- Buy BMA slightly over 55.8, target 57.6, Stop Loss @ 55.64 Details
If 55.8 begins to break higher, the technical summary data tells us to buy BMA just slightly over 55.8, with an upside target of 57.6. The data also tells us to set a stop loss @ 55.64 in case the stock turns against the trade. 55.8 is the first level of resistance above 55.49, and by rule, any break above resistance is a buy signal. In this case, 55.8, 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 55.8, target 53.13, Stop Loss @ 55.96. Details
The technical summary data is suggesting a short of BMA if it tests 55.8 with a downside target of 53.13. We should have a stop loss in place at 55.96 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, 55.8, 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 55.8, target 56.53, Stop Loss @ 55.67 Details
If 55.8 begins to break higher, the technical summary data tells us to buy BMA just slightly over 55.8, with an upside target of 56.53. The data also tells us to set a stop loss @ 55.67 in case the stock turns against the trade. 55.8 is the first level of resistance above 55.49, and by rule, any break above resistance is a buy signal. In this case, 55.8, 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 55.8, target 55.25, Stop Loss @ 55.93. Details
The technical summary data is suggesting a short of BMA if it tests 55.8 with a downside target of 55.25. We should have a stop loss in place at 55.93 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, 55.8, 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 July 10:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Strong |
| P1 |
0 |
0 |
47.94 |
| P2 |
55.25 |
53.13 |
57.6 |
| P3 |
56.53 |
55.8 |
68.23 |
AI Generated Signals for BMA
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Banco Macro S.a. Adr (representing Ten Class B) (NYSE: BMA) report below can help you, but we have more details too. The trading plans for BMA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for BMA:
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