When the Price of Borgwarner $BWA Talks, People Listen
October 14, 2023, 16:15 pm ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BWA
- Buy BWA slightly over 38.41 target 43.56 stop loss @ 38.3 Details
The technical summary data tells us to buy BWA near 38.41 with an upside target of 43.56. This data also tells us to set a stop loss @ 38.3 to protect against excessive loss in case the stock begins to move against the trade. 38.41 is the first level of support below 38.7 , and by rule, any test of support is a buy signal. In this case, support 38.41 would be being tested, so a buy signal would exist.
- Short BWA slightly under 43.56, target 38.41, stop loss @ 43.69 Details
The technical summary data is suggesting a short of BWA as it gets near 43.56 with a downside target of 38.41. We should have a stop loss in place at 43.69though. 43.56 is the first level of resistance above 38.7, and by rule, any test of resistance is a short signal. In this case, if resistance 43.56 is being tested, so a short signal would exist.
Swing Trading Plans for BWA
- Buy BWA slightly over 39.94, target 43.56, Stop Loss @ 39.82 Details
If 39.94 begins to break higher, the technical summary data tells us to buy BWA just slightly over 39.94, with an upside target of 43.56. The data also tells us to set a stop loss @ 39.82 in case the stock turns against the trade. 39.94 is the first level of resistance above 38.7, and by rule, any break above resistance is a buy signal. In this case, 39.94, 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 BWA slightly near 39.94, target 38.47, Stop Loss @ 40.06. Details
The technical summary data is suggesting a short of BWA if it tests 39.94 with a downside target of 38.47. We should have a stop loss in place at 40.06 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, 39.94, 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 BWA
- Buy BWA slightly over 39.34, target 39.94, Stop Loss @ 39.25 Details
If 39.34 begins to break higher, the technical summary data tells us to buy BWA just slightly over 39.34, with an upside target of 39.94. The data also tells us to set a stop loss @ 39.25 in case the stock turns against the trade. 39.34 is the first level of resistance above 38.7, and by rule, any break above resistance is a buy signal. In this case, 39.34, 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 BWA slightly near 39.34, target 38.47, Stop Loss @ 39.43. Details
The technical summary data is suggesting a short of BWA if it tests 39.34 with a downside target of 38.47. We should have a stop loss in place at 39.43 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, 39.34, 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 Borgwarner (BWA) available here: BWA.
BWA Ratings for October 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
38.41 |
| P2 |
39.34 |
38.47 |
43.56 |
| P3 |
40.36 |
39.94 |
48.84 |
AI Generated Signals for BWA
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Borgwarner (NYSE: BWA) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for BWA can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BWA:
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