Learn to Evaluate (BNO) using the Charts
October 31, 2024, 06:14 am ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BNO
- Buy BNO near 28.56 target 30.84 stop loss @ 28.48 Details
The technical summary data tells us to buy BNO near 28.56 with an upside target of 30.84. This data also tells us to set a stop loss @ 28.48 to protect against excessive loss in case the stock begins to move against the trade. 28.56 is the first level of support below 28.83 , and by rule, any test of support is a buy signal. In this case, support 28.56 would be being tested, so a buy signal would exist.
- Short BNO slightly under 30.84, target 28.56, stop loss @ 30.93 Details
The technical summary data is suggesting a short of BNO as it gets near 30.84 with a downside target of 28.56. We should have a stop loss in place at 30.93though. 30.84 is the first level of resistance above 28.83, and by rule, any test of resistance is a short signal. In this case, if resistance 30.84 is being tested, so a short signal would exist.
Swing Trading Plans for BNO
- Buy BNO slightly over 29.43, target 30.84, Stop Loss @ 29.35 Details
If 29.43 begins to break higher, the technical summary data tells us to buy BNO just slightly over 29.43, with an upside target of 30.84. The data also tells us to set a stop loss @ 29.35 in case the stock turns against the trade. 29.43 is the first level of resistance above 28.83, and by rule, any break above resistance is a buy signal. In this case, 29.43, 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 BNO slightly near 29.43, target 28.56, Stop Loss @ 29.51. Details
The technical summary data is suggesting a short of BNO if it tests 29.43 with a downside target of 28.56. We should have a stop loss in place at 29.51 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, 29.43, 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 BNO
- Buy BNO slightly over 29.43, target 30.84, Stop Loss @ 29.36 Details
If 29.43 begins to break higher, the technical summary data tells us to buy BNO just slightly over 29.43, with an upside target of 30.84. The data also tells us to set a stop loss @ 29.36 in case the stock turns against the trade. 29.43 is the first level of resistance above 28.83, and by rule, any break above resistance is a buy signal. In this case, 29.43, 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 BNO slightly near 29.43, target 28.65, Stop Loss @ 29.5. Details
The technical summary data is suggesting a short of BNO if it tests 29.43 with a downside target of 28.65. We should have a stop loss in place at 29.5 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, 29.43, 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 United States Brent Crude Oil Fund (BNO) available here: BNO.
BNO Ratings for October 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Neutral |
| P1 |
0 |
0 |
28.56 |
| P2 |
27.62 |
28.28 |
30.84 |
| P3 |
28.65 |
29.43 |
32.98 |
AI Generated Signals for BNO
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The United States Brent Crude Oil Fund (NYSE: BNO) report below can help you understand how to do this. The trading plans for BNO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BNO:
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