Trading (BSTP) With Integrated Risk Controls
December 13, 2024, 05:38 am ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BSTP
- Buy BSTP near 33.54 target 34.19 stop loss @ 33.44 Details
The technical summary data tells us to buy BSTP near 33.54 with an upside target of 34.19. This data also tells us to set a stop loss @ 33.44 to protect against excessive loss in case the stock begins to move against the trade. 33.54 is the first level of support below 33.7957 , and by rule, any test of support is a buy signal. In this case, support 33.54 is being tested, a buy signal would exist.
- Short BSTP slightly under 34.19, target 33.54, stop loss @ 34.29 Details
The technical summary data is suggesting a short of BSTP as it gets near 34.19 with a downside target of 33.54. We should have a stop loss in place at 34.29though. 34.19 is the first level of resistance above 33.7957, and by rule, any test of resistance is a short signal. In this case, if resistance 34.19 is being tested, a short signal would exist.
Swing Trading Plans for BSTP
- Buy BSTP 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 BSTP 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 33.7957, 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 BSTP slightly near n/a, target 33.54, Stop Loss @ 0. Details
The technical summary data is suggesting a short of BSTP if it tests n/a with a downside target of 33.54. 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 BSTP
- Buy BSTP slightly over 34.19, target n/a, Stop Loss @ 34.11 Details
If 34.19 begins to break higher, the technical summary data tells us to buy BSTP just slightly over 34.19, with an upside target of n/a. The data also tells us to set a stop loss @ 34.11 in case the stock turns against the trade. 34.19 is the first level of resistance above 33.7957, and by rule, any break above resistance is a buy signal. In this case, 34.19, 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 BSTP slightly near 34.19, target 33.54, Stop Loss @ 34.27. Details
The technical summary data is suggesting a short of BSTP if it tests 34.19 with a downside target of 33.54. We should have a stop loss in place at 34.27 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, 34.19, 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 Innovator Buffer Step-up Strategy Etf (BSTP) available here: BSTP.
BSTP Ratings for December 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
32.89 |
| P2 |
33.89 |
34.03 |
33.54 |
| P3 |
0 |
|
34.19 |
AI Generated Signals for BSTP
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BSTP:
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