When Invesco International Corporate Bond Etf ($PICB) Moves Investors should Listen
November 16, 2023, 08:45 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for PICB
- Buy PICB slightly over 21.29 target 21.87 stop loss @ 21.23 Details
The technical summary data tells us to buy PICB near 21.29 with an upside target of 21.87. This data also tells us to set a stop loss @ 21.23 to protect against excessive loss in case the stock begins to move against the trade. 21.29 is the first level of support below 21.6 , and by rule, any test of support is a buy signal. In this case, support 21.29 is being tested, a buy signal would exist.
- Short PICB slightly under 21.87, target 21.29, stop loss @ 21.93 Details
The technical summary data is suggesting a short of PICB as it gets near 21.87 with a downside target of 21.29. We should have a stop loss in place at 21.93though. 21.87 is the first level of resistance above 21.6, and by rule, any test of resistance is a short signal. In this case, if resistance 21.87 is being tested, a short signal would exist.
Swing Trading Plans for PICB
- Buy PICB slightly over 21.87, target n/a, Stop Loss @ 21.81 Details
If 21.87 begins to break higher, the technical summary data tells us to buy PICB just slightly over 21.87, with an upside target of n/a. The data also tells us to set a stop loss @ 21.81 in case the stock turns against the trade. 21.87 is the first level of resistance above 21.6, and by rule, any break above resistance is a buy signal. In this case, 21.87, 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 PICB slightly near 21.87, target 21.38, Stop Loss @ 21.93. Details
The technical summary data is suggesting a short of PICB if it tests 21.87 with a downside target of 21.38. We should have a stop loss in place at 21.93 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, 21.87, 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 PICB
- Buy PICB slightly over 21.87, target n/a, Stop Loss @ 21.82 Details
If 21.87 begins to break higher, the technical summary data tells us to buy PICB just slightly over 21.87, with an upside target of n/a. The data also tells us to set a stop loss @ 21.82 in case the stock turns against the trade. 21.87 is the first level of resistance above 21.6, and by rule, any break above resistance is a buy signal. In this case, 21.87, 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 PICB slightly near 21.87, target 20.72, Stop Loss @ 21.92. Details
The technical summary data is suggesting a short of PICB if it tests 21.87 with a downside target of 20.72. We should have a stop loss in place at 21.92 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, 21.87, 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 Invesco International Corporate Bond Etf (PICB) available here: PICB.
PICB Ratings for November 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
20.72 |
| P2 |
21.53 |
21.38 |
21.29 |
| P3 |
21.84 |
21.73 |
21.87 |
AI Generated Signals for PICB
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Invesco International Corporate Bond Etf (NASDAQ: PICB) report below is a real world example. Included are trading plans for PICB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for PICB:
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