Learn to Evaluate (BGB) using the Charts
December 02, 2024, 06:22 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BGB
- Buy BGB near 12.38 target 12.59 stop loss @ 12.34 Details
The technical summary data tells us to buy BGB near 12.38 with an upside target of 12.59. This data also tells us to set a stop loss @ 12.34 to protect against excessive loss in case the stock begins to move against the trade. 12.38 is the first level of support below 12.51 , and by rule, any test of support is a buy signal. In this case, support 12.38 is being tested, a buy signal would exist.
- Short BGB slightly under 12.59, target 12.38, stop loss @ 12.63 Details
The technical summary data is suggesting a short of BGB as it gets near 12.59 with a downside target of 12.38. We should have a stop loss in place at 12.63though. 12.59 is the first level of resistance above 12.51, and by rule, any test of resistance is a short signal. In this case, if resistance 12.59 is being tested, a short signal would exist.
Swing Trading Plans for BGB
- Buy BGB slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy BGB just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 12.51, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 BGB slightly near n/a, target 12.15, Stop Loss @ 0. Details
The technical summary data is suggesting a short of BGB if it tests n/a with a downside target of 12.15. We should have a stop loss in place at 0 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, n/a, 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 BGB
- Buy BGB slightly over 12.59, target n/a, Stop Loss @ 12.56 Details
If 12.59 begins to break higher, the technical summary data tells us to buy BGB just slightly over 12.59, with an upside target of n/a. The data also tells us to set a stop loss @ 12.56 in case the stock turns against the trade. 12.59 is the first level of resistance above 12.51, and by rule, any break above resistance is a buy signal. In this case, 12.59, 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 BGB slightly near 12.59, target 12.15, Stop Loss @ 12.62. Details
The technical summary data is suggesting a short of BGB if it tests 12.59 with a downside target of 12.15. We should have a stop loss in place at 12.62 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, 12.59, 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 Blackstone Strategic Credit 2027 Term Fund Of Beneficial Interest (BGB) available here: BGB.
BGB Ratings for December 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
12.15 |
| P2 |
12.48 |
12.53 |
12.38 |
| P3 |
0 |
|
12.59 |
AI Generated Signals for BGB
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Blackstone Strategic Credit 2027 Term Fund Of Beneficial Interest (NYSE: BGB) report below can help you understand how to do this. The trading plans for BGB, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BGB:
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