Brown-forman BF.B Pivots Trading Plans and Risk Controls

Source: Stock Traders Daily

Longer Term Trading Plans for BF.B
  • Buy BF.B over 65.45 target 69.39 stop loss @ 65.26 Details
  • The technical summary data tells us to buy BF.B near 65.45 with an upside target of 69.39. This data also tells us to set a stop loss @ 65.26 to protect against excessive loss in case the stock begins to move against the trade. 65.45 is the first level of support below 66.8 , and by rule, any test of support is a buy signal. In this case, support 65.45 is being tested, a buy signal would exist.

  • Short BF.B under 69.39, target 65.45, stop loss @ 69.59 Details
  • The technical summary data is suggesting a short of BF.B as it gets near 69.39 with a downside target of 65.45. We should have a stop loss in place at 69.59though. 69.39 is the first level of resistance above 66.8, and by rule, any test of resistance is a short signal. In this case, if resistance 69.39 is being tested, a short signal would exist.

Swing Trading Plans for BF.B
  • Buy BF.B over 69.39, target n/a, Stop Loss @ 69.19 Details
  • If 69.39 begins to break higher, the technical summary data tells us to buy BF.B just over 69.39, with an upside target of n/a. The data also tells us to set a stop loss @ 69.19 in case the stock turns against the trade. 69.39 is the first level of resistance above 66.8, and by rule, any break above resistance is a buy signal. In this case, 69.39, 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 BF.B near 69.39, target 65.45, Stop Loss @ 69.59. Details
  • The technical summary data is suggesting a short of BF.B if it tests 69.39 with a downside target of 65.45. We should have a stop loss in place at 69.59 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, 69.39, 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 BF.B
  • Buy BF.B over 69.39, target n/a, Stop Loss @ 69.23 Details
  • If 69.39 begins to break higher, the technical summary data tells us to buy BF.B just over 69.39, with an upside target of n/a. The data also tells us to set a stop loss @ 69.23 in case the stock turns against the trade. 69.39 is the first level of resistance above 66.8, and by rule, any break above resistance is a buy signal. In this case, 69.39, 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 BF.B near 69.39, target 65.56, Stop Loss @ 69.55. Details
  • The technical summary data is suggesting a short of BF.B if it tests 69.39 with a downside target of 65.56. We should have a stop loss in place at 69.55 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, 69.39, 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.

BF.B Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Weak
P1 0 0 61.69
P2 64.74 63.28 65.45
P3 65.56 65.22 69.39

BF.B Long Term Analysis for May 14 2022


BF.B Swing Trading Analysis for May 14 2022


BF.B Day Trading Analysis for May 14 2022

This Brown-forman (NASDAQ: BF.B) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BF.B change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BF.B is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BF.B too.  All of these are offered below the Summary Table.

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