When the Price of (NBCM) Talks, People Listen
August 02, 2024, 09:58 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NBCM
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short NBCM slightly under 20.97, target n/a, stop loss @ 21.03 Details
The technical summary data is suggesting a short of NBCM as it gets near 20.97, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 21.03. 20.97 is the first level of resistance above 20.9445, and by rule, any test of resistance is a short signal. In this case, if resistance 20.97 is being tested, so a short signal would exist.
Swing Trading Plans for NBCM
- Buy NBCM slightly over 21.03, target 21.85, Stop Loss @ 20.97 Details
If 21.03 begins to break higher, the technical summary data tells us to buy NBCM just slightly over 21.03, with an upside target of 21.85. The data also tells us to set a stop loss @ 20.97 in case the stock turns against the trade. 21.03 is the first level of resistance above 20.9445, and by rule, any break above resistance is a buy signal. In this case, 21.03, 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 NBCM slightly near 21.03, target 20.72, Stop Loss @ 21.09. Details
The technical summary data is suggesting a short of NBCM if it tests 21.03 with a downside target of 20.72. We should have a stop loss in place at 21.09 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, 21.03, 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 NBCM
- Buy NBCM slightly over 21.2, target 21.85, Stop Loss @ 21.15 Details
If 21.2 begins to break higher, the technical summary data tells us to buy NBCM just slightly over 21.2, with an upside target of 21.85. The data also tells us to set a stop loss @ 21.15 in case the stock turns against the trade. 21.2 is the first level of resistance above 20.9445, and by rule, any break above resistance is a buy signal. In this case, 21.2, 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 NBCM slightly near 21.2, target 20.72, Stop Loss @ 21.25. Details
The technical summary data is suggesting a short of NBCM if it tests 21.2 with a downside target of 20.72. We should have a stop loss in place at 21.25 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, 21.2, 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 Commodity Strategy Etf (NBCM) available here: NBCM.
NBCM Ratings for August 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
20.97 |
| P2 |
20.93 |
20.72 |
21.85 |
| P3 |
21.2 |
21.03 |
22.73 |
AI Generated Signals for NBCM
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Commodity Strategy Etf (NASDAQ: NBCM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for NBCM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NBCM:
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