How the price action of Invesco Db Oil (DBO) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for DBO
  • Buy DBO over 13.47 target 14.66 stop loss @ 13.43 Details
  • The technical summary data tells us to buy DBO near 13.47 with an upside target of 14.66. This data also tells us to set a stop loss @ 13.43 to protect against excessive loss in case the stock begins to move against the trade. 13.47 is the first level of support below 14.63 , and by rule, any test of support is a buy signal. In this case, support 13.47 would be being tested, so a buy signal would exist.

  • Short DBO under 14.66, target 13.47, stop loss @ 14.7 Details
  • The technical summary data is suggesting a short of DBO as it gets near 14.66 with a downside target of 13.47. We should have a stop loss in place at 14.7though. 14.66 is the first level of resistance above 14.63, and by rule, any test of resistance is a short signal. In this case, if resistance 14.66 is being tested, so a short signal would exist.

Swing Trading Plans for DBO
  • Buy DBO over 14.66, target 15.76, Stop Loss @ 14.62 Details
  • If 14.66 begins to break higher, the technical summary data tells us to buy DBO just over 14.66, with an upside target of 15.76. The data also tells us to set a stop loss @ 14.62 in case the stock turns against the trade. 14.66 is the first level of resistance above 14.63, and by rule, any break above resistance is a buy signal. In this case, 14.66, 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 DBO near 14.66, target 14.25, Stop Loss @ 14.7. Details
  • The technical summary data is suggesting a short of DBO if it tests 14.66 with a downside target of 14.25. We should have a stop loss in place at 14.7 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, 14.66, 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 DBO
  • Buy DBO over 14.66, target 15.76, Stop Loss @ 14.63 Details
  • If 14.66 begins to break higher, the technical summary data tells us to buy DBO just over 14.66, with an upside target of 15.76. The data also tells us to set a stop loss @ 14.63 in case the stock turns against the trade. 14.66 is the first level of resistance above 14.63, and by rule, any break above resistance is a buy signal. In this case, 14.66, 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 DBO near 14.66, target 14.30, Stop Loss @ 14.69. Details
  • The technical summary data is suggesting a short of DBO if it tests 14.66 with a downside target of 14.30. We should have a stop loss in place at 14.69 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, 14.66, 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.

DBO Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 13.47
P2 14.30 14.25 14.66
P3 14.56 14.54 15.76

DBO Long Term Analysis for January 14 2022


DBO Swing Trading Analysis for January 14 2022


DBO Day Trading Analysis for January 14 2022

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  Invesco Db Oil (NYSE: DBO) data table below can help you with price action, and we have more details too. Trading plans for DBO 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.

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