Trading (BGNE) With Integrated Risk Controls

January 06, 2024, 10:54 am ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BGNE

• Buy BGNE slightly over 148.61 target 170.34 stop loss @ 148.18 Details

The technical summary data tells us to buy BGNE near 148.61 with an upside target of 170.34. This data also tells us to set a stop loss @ 148.18 to protect against excessive loss in case the stock begins to move against the trade. 148.61 is the first level of support below 165.38 , and by rule, any test of support is a buy signal. In this case, support 148.61 would be being tested, so a buy signal would exist.

• Short BGNE slightly under 170.34, target 148.61, stop loss @ 170.83 Details

The technical summary data is suggesting a short of BGNE as it gets near 170.34 with a downside target of 148.61. We should have a stop loss in place at 170.83though. 170.34 is the first level of resistance above 165.38, and by rule, any test of resistance is a short signal. In this case, if resistance 170.34 is being tested, so a short signal would exist.

Swing Trading Plans for BGNE

• Buy BGNE slightly over 169.22, target 170.34, Stop Loss @ 168.73 Details

If 169.22 begins to break higher, the technical summary data tells us to buy BGNE just slightly over 169.22, with an upside target of 170.34. The data also tells us to set a stop loss @ 168.73 in case the stock turns against the trade. 169.22 is the first level of resistance above 165.38, and by rule, any break above resistance is a buy signal. In this case, 169.22, 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 BGNE slightly near 169.22, target 148.61, Stop Loss @ 169.71. Details

The technical summary data is suggesting a short of BGNE if it tests 169.22 with a downside target of 148.61. We should have a stop loss in place at 169.71 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, 169.22, 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 BGNE

• Buy BGNE slightly over 166.53, target 169.22, Stop Loss @ 166.14 Details

If 166.53 begins to break higher, the technical summary data tells us to buy BGNE just slightly over 166.53, with an upside target of 169.22. The data also tells us to set a stop loss @ 166.14 in case the stock turns against the trade. 166.53 is the first level of resistance above 165.38, and by rule, any break above resistance is a buy signal. In this case, 166.53, 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 BGNE slightly near 166.53, target 148.61, Stop Loss @ 166.92. Details

The technical summary data is suggesting a short of BGNE if it tests 166.53 with a downside target of 148.61. We should have a stop loss in place at 166.92 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, 166.53, 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 Beigene Ltd. (BGNE) available here: BGNE.

BGNE Ratings for January 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	148.61
P2	166.53	169.22	170.34
P3	173.56	177.3	192.44

AI Generated Signals for BGNE

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