Brown-forman Inc Class B BF.B Investment Analysis and Advice

Source: Stock Traders Daily

Longer Term Trading Plans for BF.B
  • Buy BF.B over 70.45 target n/a stop loss @ 70.25. Details
  • The technical summary data tells us to buy BF.B near 70.45, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 70.25 to protect against excessive loss in case the stock begins to move against the trade. 70.45 is the first level of support below 75.54, and by rule, any test of support is a buy signal. In this case, if support 70.45 is being tested, a buy signal would exist.

  • NONE . Details
  • NONE .
    There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for BF.B
  • Buy BF.B 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 BF.B just 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 75.54, 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 BF.B near n/a, target 75.47, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of BF.B if it tests n/a with a downside target of 75.47. 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 BF.B
  • Buy BF.B over 76.44, target n/a, Stop Loss @ 76.26 Details
  • If 76.44 begins to break higher, the technical summary data tells us to buy BF.B just over 76.44, with an upside target of n/a. The data also tells us to set a stop loss @ 76.26 in case the stock turns against the trade. 76.44 is the first level of resistance above 75.54, and by rule, any break above resistance is a buy signal. In this case, 76.44, 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 76.44, target 75.47, Stop Loss @ 76.62. Details
  • The technical summary data is suggesting a short of BF.B if it tests 76.44 with a downside target of 75.47. We should have a stop loss in place at 76.62 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, 76.44, 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 Ratings for August 05:

Term →Near Mid Long
Rating Strong Neutral Neutral
P1 0 0 62.49
P2 75.02 73.43 66.54
P3 76.44 75.47 70.45

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BF.B Long Term Analysis for August 5 2022


BF.B Swing Trading Analysis for August 5 2022


BF.B Day Trading Analysis for August 5 2022

Prudent Investment Analysis requires observations of the support and resistance levels for Brown-forman Inc Class B (NASDAQ: BF.B) too.  These define prudent trading plans.

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.

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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.

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