How the (BAM) price action is used to our Advantage
April 19, 2024, 20:08 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BAM
- Buy BAM slightly over 37.39 target 40.62 stop loss @ 37.28 Details
The technical summary data tells us to buy BAM near 37.39 with an upside target of 40.62. This data also tells us to set a stop loss @ 37.28 to protect against excessive loss in case the stock begins to move against the trade. 37.39 is the first level of support below 38.32 , and by rule, any test of support is a buy signal. In this case, support 37.39 would be being tested, so a buy signal would exist.
- Short BAM slightly under 40.62, target 37.39, stop loss @ 40.74 Details
The technical summary data is suggesting a short of BAM as it gets near 40.62 with a downside target of 37.39. We should have a stop loss in place at 40.74though. 40.62 is the first level of resistance above 38.32, and by rule, any test of resistance is a short signal. In this case, if resistance 40.62 is being tested, so a short signal would exist.
Swing Trading Plans for BAM
- Buy BAM slightly over 38.74, target 40.62, Stop Loss @ 38.63 Details
If 38.74 begins to break higher, the technical summary data tells us to buy BAM just slightly over 38.74, with an upside target of 40.62. The data also tells us to set a stop loss @ 38.63 in case the stock turns against the trade. 38.74 is the first level of resistance above 38.32, and by rule, any break above resistance is a buy signal. In this case, 38.74, 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 BAM slightly near 38.74, target 37.47, Stop Loss @ 38.85. Details
The technical summary data is suggesting a short of BAM if it tests 38.74 with a downside target of 37.47. We should have a stop loss in place at 38.85 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, 38.74, 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 BAM
- Buy BAM slightly over 38.79, target 40.62, Stop Loss @ 38.7 Details
If 38.79 begins to break higher, the technical summary data tells us to buy BAM just slightly over 38.79, with an upside target of 40.62. The data also tells us to set a stop loss @ 38.7 in case the stock turns against the trade. 38.79 is the first level of resistance above 38.32, and by rule, any break above resistance is a buy signal. In this case, 38.79, 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 BAM slightly near 38.79, target 37.92, Stop Loss @ 38.88. Details
The technical summary data is suggesting a short of BAM if it tests 38.79 with a downside target of 37.92. We should have a stop loss in place at 38.88 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, 38.79, 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 Brookfield Asset Management Inc Class A Limited (BAM) available here: BAM.
BAM Ratings for April 19:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
37.39 |
| P2 |
37.92 |
37.47 |
40.62 |
| P3 |
38.79 |
38.74 |
43.66 |
AI Generated Signals for BAM
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Brookfield Asset Management Inc Class A Limited (NYSE: BAM) data table below can help you with price action, and we have more details too. Trading plans for BAM are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BAM:
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