When the Price of (CIB) Talks, People Listen

September 29, 2024, 03:56 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CIB

• Buy CIB near 31.68 target 34.34 stop loss @ 31.59 Details

The technical summary data tells us to buy CIB near 31.68 with an upside target of 34.34. This data also tells us to set a stop loss @ 31.59 to protect against excessive loss in case the stock begins to move against the trade. 31.68 is the first level of support below 31.97 , and by rule, any test of support is a buy signal. In this case, support 31.68 would be being tested, so a buy signal would exist.

• Short CIB slightly under 34.34, target 31.68, stop loss @ 34.44 Details

The technical summary data is suggesting a short of CIB as it gets near 34.34 with a downside target of 31.68. We should have a stop loss in place at 34.44though. 34.34 is the first level of resistance above 31.97, and by rule, any test of resistance is a short signal. In this case, if resistance 34.34 is being tested, so a short signal would exist.

Swing Trading Plans for CIB

• Buy CIB slightly over 32.45, target 34.34, Stop Loss @ 32.36 Details

If 32.45 begins to break higher, the technical summary data tells us to buy CIB just slightly over 32.45, with an upside target of 34.34. The data also tells us to set a stop loss @ 32.36 in case the stock turns against the trade. 32.45 is the first level of resistance above 31.97, and by rule, any break above resistance is a buy signal. In this case, 32.45, 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 CIB slightly near 32.45, target 31.85, Stop Loss @ 32.54. Details

The technical summary data is suggesting a short of CIB if it tests 32.45 with a downside target of 31.85. We should have a stop loss in place at 32.54 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, 32.45, 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 CIB

• Buy CIB slightly over 32.04, target 32.45, Stop Loss @ 31.97 Details

If 32.04 begins to break higher, the technical summary data tells us to buy CIB just slightly over 32.04, with an upside target of 32.45. The data also tells us to set a stop loss @ 31.97 in case the stock turns against the trade. 32.04 is the first level of resistance above 31.97, and by rule, any break above resistance is a buy signal. In this case, 32.04, 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 CIB slightly near 32.04, target n/a, Stop Loss @ 32.11. Details

The technical summary data is suggesting a short of CIB if it tests 32.04 with a downside target of n/a. We should have a stop loss in place at 32.11 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, 32.04, 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 Bancolombia S.a. (CIB) available here: CIB.

CIB Ratings for September 29:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	31.68
P2	32.04	31.85	34.34
P3	32.29	32.45	37.27

AI Generated Signals for CIB

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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 Bancolombia S.a. (NYSE: CIB) 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 CIB 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.