Trading (BCS) With Integrated Risk Controls
November 21, 2024, 13:56 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BCS
- Buy BCS near 13.24 target 14.06 stop loss @ 13.2 Details
The technical summary data tells us to buy BCS near 13.24 with an upside target of 14.06. This data also tells us to set a stop loss @ 13.2 to protect against excessive loss in case the stock begins to move against the trade. 13.24 is the first level of support below 13.38 , and by rule, any test of support is a buy signal. In this case, support 13.24 is being tested, a buy signal would exist.
- Short BCS slightly under 14.06, target 13.24, stop loss @ 14.1 Details
The technical summary data is suggesting a short of BCS as it gets near 14.06 with a downside target of 13.24. We should have a stop loss in place at 14.1though. 14.06 is the first level of resistance above 13.38, and by rule, any test of resistance is a short signal. In this case, if resistance 14.06 is being tested, a short signal would exist.
Swing Trading Plans for BCS
- Buy BCS slightly over 14.06, target n/a, Stop Loss @ 14.02 Details
If 14.06 begins to break higher, the technical summary data tells us to buy BCS just slightly over 14.06, with an upside target of n/a. The data also tells us to set a stop loss @ 14.02 in case the stock turns against the trade. 14.06 is the first level of resistance above 13.38, and by rule, any break above resistance is a buy signal. In this case, 14.06, 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 BCS slightly near 14.06, target 13.37, Stop Loss @ 14.1. Details
The technical summary data is suggesting a short of BCS if it tests 14.06 with a downside target of 13.37. We should have a stop loss in place at 14.1 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, 14.06, 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 BCS
- Buy BCS slightly over 14.06, target n/a, Stop Loss @ 14.03 Details
If 14.06 begins to break higher, the technical summary data tells us to buy BCS just slightly over 14.06, with an upside target of n/a. The data also tells us to set a stop loss @ 14.03 in case the stock turns against the trade. 14.06 is the first level of resistance above 13.38, and by rule, any break above resistance is a buy signal. In this case, 14.06, 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 BCS slightly near 14.06, target 13.37, Stop Loss @ 14.09. Details
The technical summary data is suggesting a short of BCS if it tests 14.06 with a downside target of 13.37. We should have a stop loss in place at 14.09 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, 14.06, 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 Barclays Plc (BCS) available here: BCS.
BCS Ratings for November 21:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Strong |
Strong |
P1 |
0 |
0 |
12.41 |
P2 |
13.29 |
12.99 |
13.24 |
P3 |
0 |
13.37 |
14.06 |
AI Generated Signals for BCS
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BCS: