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

Longer Term Trading Plans for BKN
  • Buy BKN slightly over 11.32 target 12.08 stop loss @ 11.29 Details
  • The technical summary data tells us to buy BKN near 11.32 with an upside target of 12.08. This data also tells us to set a stop loss @ 11.29 to protect against excessive loss in case the stock begins to move against the trade. 11.32 is the first level of support below 11.67 , and by rule, any test of support is a buy signal. In this case, support 11.32 would be being tested, so a buy signal would exist.

  • Short BKN slightly under 12.08, target 11.32, stop loss @ 12.11 Details
  • The technical summary data is suggesting a short of BKN as it gets near 12.08 with a downside target of 11.32. We should have a stop loss in place at 12.11though. 12.08 is the first level of resistance above 11.67, and by rule, any test of resistance is a short signal. In this case, if resistance 12.08 is being tested, so a short signal would exist.

Swing Trading Plans for BKN
  • Buy BKN slightly over 12.08, target n/a, Stop Loss @ 12.05 Details
  • If 12.08 begins to break higher, the technical summary data tells us to buy BKN just slightly over 12.08, with an upside target of n/a. The data also tells us to set a stop loss @ 12.05 in case the stock turns against the trade. 12.08 is the first level of resistance above 11.67, and by rule, any break above resistance is a buy signal. In this case, 12.08, 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 BKN slightly near 12.08, target 11.32, Stop Loss @ 12.11. Details
  • The technical summary data is suggesting a short of BKN if it tests 12.08 with a downside target of 11.32. We should have a stop loss in place at 12.11 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, 12.08, 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 BKN
  • Buy BKN slightly over 12.08, target 12.81, Stop Loss @ 12.05 Details
  • If 12.08 begins to break higher, the technical summary data tells us to buy BKN just slightly over 12.08, with an upside target of 12.81. The data also tells us to set a stop loss @ 12.05 in case the stock turns against the trade. 12.08 is the first level of resistance above 11.67, and by rule, any break above resistance is a buy signal. In this case, 12.08, 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 BKN slightly near 12.08, target 11.32, Stop Loss @ 12.11. Details
  • The technical summary data is suggesting a short of BKN if it tests 12.08 with a downside target of 11.32. We should have a stop loss in place at 12.11 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, 12.08, 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  Blackrock Investment Quality Municipal Trust Inc. (the) (BKN) available here: BKN.

BKN Ratings for May 29:

Term →Near Mid Long
Rating Weak Neutral Strong
P1 0 0 11.32
P2 11.82 11.99 12.08
P3 0 12.81
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AI Generated Signals for BKN

BKN Long Term Analysis for May 29 2024

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  Blackrock Investment Quality Municipal Trust Inc. (the) (NYSE: BKN) data table below can help you with price action, and we have more details too. Trading plans for BKN 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.