Trading (BMA) With Integrated Risk Controls
October 20, 2024, 09:14 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BMA
- Buy BMA near 68.53 target 78.52 stop loss @ 68.33 Details
The technical summary data tells us to buy BMA near 68.53 with an upside target of 78.52. This data also tells us to set a stop loss @ 68.33 to protect against excessive loss in case the stock begins to move against the trade. 68.53 is the first level of support below 72.75 , and by rule, any test of support is a buy signal. In this case, support 68.53 is being tested, a buy signal would exist.
- Short BMA slightly under 78.52, target 68.53, stop loss @ 78.75 Details
The technical summary data is suggesting a short of BMA as it gets near 78.52 with a downside target of 68.53. We should have a stop loss in place at 78.75though. 78.52 is the first level of resistance above 72.75, and by rule, any test of resistance is a short signal. In this case, if resistance 78.52 is being tested, a short signal would exist.
Swing Trading Plans for BMA
- Buy BMA slightly over 77.35, target 78.52, Stop Loss @ 77.13 Details
If 77.35 begins to break higher, the technical summary data tells us to buy BMA just slightly over 77.35, with an upside target of 78.52. The data also tells us to set a stop loss @ 77.13 in case the stock turns against the trade. 77.35 is the first level of resistance above 72.75, and by rule, any break above resistance is a buy signal. In this case, 77.35, 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 BMA slightly near 77.35, target 72.65, Stop Loss @ 77.57. Details
The technical summary data is suggesting a short of BMA if it tests 77.35 with a downside target of 72.65. We should have a stop loss in place at 77.57 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, 77.35, 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 BMA
- Buy BMA slightly over 73.07, target 77.35, Stop Loss @ 72.9 Details
If 73.07 begins to break higher, the technical summary data tells us to buy BMA just slightly over 73.07, with an upside target of 77.35. The data also tells us to set a stop loss @ 72.9 in case the stock turns against the trade. 73.07 is the first level of resistance above 72.75, and by rule, any break above resistance is a buy signal. In this case, 73.07, 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 BMA slightly near 73.07, target 72.65, Stop Loss @ 73.24. Details
The technical summary data is suggesting a short of BMA if it tests 73.07 with a downside target of 72.65. We should have a stop loss in place at 73.24 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, 73.07, 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 Banco Macro S.a. Adr (representing Ten Class B) (BMA) available here: BMA.
BMA Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Strong |
| P1 |
0 |
0 |
59.27 |
| P2 |
70.32 |
72.65 |
68.53 |
| P3 |
73.07 |
77.35 |
78.52 |
AI Generated Signals for BMA
Blue = Current Price
Red= Resistance
Green = Support
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Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Banco Macro S.a. Adr (representing Ten Class B) (NYSE: BMA) report below can help you, but we have more details too. The trading plans for BMA, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for BMA:
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