Trading (BG) With Integrated Risk Controls
December 02, 2024, 06:20 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BG
- Buy BG near 87.22 target 96.39 stop loss @ 86.97 Details
The technical summary data tells us to buy BG near 87.22 with an upside target of 96.39. This data also tells us to set a stop loss @ 86.97 to protect against excessive loss in case the stock begins to move against the trade. 87.22 is the first level of support below 89.74 , and by rule, any test of support is a buy signal. In this case, support 87.22 would be being tested, so a buy signal would exist.
- Short BG slightly under 96.39, target 87.22, stop loss @ 96.67 Details
The technical summary data is suggesting a short of BG as it gets near 96.39 with a downside target of 87.22. We should have a stop loss in place at 96.67though. 96.39 is the first level of resistance above 89.74, and by rule, any test of resistance is a short signal. In this case, if resistance 96.39 is being tested, so a short signal would exist.
Swing Trading Plans for BG
- Buy BG slightly over 91, target 96.39, Stop Loss @ 90.74 Details
If 91 begins to break higher, the technical summary data tells us to buy BG just slightly over 91, with an upside target of 96.39. The data also tells us to set a stop loss @ 90.74 in case the stock turns against the trade. 91 is the first level of resistance above 89.74, and by rule, any break above resistance is a buy signal. In this case, 91, 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 BG slightly near 91, target 87.81, Stop Loss @ 91.26. Details
The technical summary data is suggesting a short of BG if it tests 91 with a downside target of 87.81. We should have a stop loss in place at 91.26 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, 91, 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 BG
- Buy BG slightly over 90.28, target 91, Stop Loss @ 90.07 Details
If 90.28 begins to break higher, the technical summary data tells us to buy BG just slightly over 90.28, with an upside target of 91. The data also tells us to set a stop loss @ 90.07 in case the stock turns against the trade. 90.28 is the first level of resistance above 89.74, and by rule, any break above resistance is a buy signal. In this case, 90.28, 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 BG slightly near 90.28, target 88.95, Stop Loss @ 90.49. Details
The technical summary data is suggesting a short of BG if it tests 90.28 with a downside target of 88.95. We should have a stop loss in place at 90.49 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, 90.28, 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 Bunge Limited (BG) available here: BG.
BG Ratings for December 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
87.22 |
| P2 |
88.95 |
87.81 |
96.39 |
| P3 |
90.28 |
91 |
105.93 |
AI Generated Signals for BG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BG:
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