Trading (NBCM) With Integrated Risk Controls

September 05, 2024, 13:40 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NBCM

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short NBCM slightly under 20.8, target n/a, stop loss @ 20.86 Details

The technical summary data is suggesting a short of NBCM as it gets near 20.8, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 20.86. 20.8 is the first level of resistance above 20.8, and by rule, any test of resistance is a short signal. In this case, if resistance 20.8 is being tested, so a short signal would exist.

Swing Trading Plans for NBCM

• Buy NBCM slightly over 20.85, target 21.27, Stop Loss @ 20.79 Details

If 20.85 begins to break higher, the technical summary data tells us to buy NBCM just slightly over 20.85, with an upside target of 21.27. The data also tells us to set a stop loss @ 20.79 in case the stock turns against the trade. 20.85 is the first level of resistance above 20.8, and by rule, any break above resistance is a buy signal. In this case, 20.85, 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 NBCM slightly near 20.85, target n/a, Stop Loss @ 20.91. Details

The technical summary data is suggesting a short of NBCM if it tests 20.85 with a downside target of n/a. We should have a stop loss in place at 20.91 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, 20.85, 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 NBCM

• Buy NBCM slightly over 20.86, target 21.27, Stop Loss @ 20.81 Details

If 20.86 begins to break higher, the technical summary data tells us to buy NBCM just slightly over 20.86, with an upside target of 21.27. The data also tells us to set a stop loss @ 20.81 in case the stock turns against the trade. 20.86 is the first level of resistance above 20.8, and by rule, any break above resistance is a buy signal. In this case, 20.86, 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 NBCM slightly near 20.86, target n/a, Stop Loss @ 20.91. Details

The technical summary data is suggesting a short of NBCM if it tests 20.86 with a downside target of n/a. We should have a stop loss in place at 20.91 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, 20.86, 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 Commodity Strategy Etf (NBCM) available here: NBCM.

NBCM Ratings for September 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	20.8
P2	20.63	20.85	21.67
P3	20.86	21.27	22.57

AI Generated Signals for NBCM

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