How the (BSBK) price action is used to our Advantage
July 16, 2024, 15:06 pm ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BSBK
- Buy BSBK slightly over 6.8 target 7.47 stop loss @ 6.78 Details
The technical summary data tells us to buy BSBK near 6.8 with an upside target of 7.47. This data also tells us to set a stop loss @ 6.78 to protect against excessive loss in case the stock begins to move against the trade. 6.8 is the first level of support below 7.2501 , and by rule, any test of support is a buy signal. In this case, support 6.8 is being tested, a buy signal would exist.
- Short BSBK slightly under 7.47, target 6.8, stop loss @ 7.49 Details
The technical summary data is suggesting a short of BSBK as it gets near 7.47 with a downside target of 6.8. We should have a stop loss in place at 7.49though. 7.47 is the first level of resistance above 7.2501, and by rule, any test of resistance is a short signal. In this case, if resistance 7.47 is being tested, a short signal would exist.
Swing Trading Plans for BSBK
- Buy BSBK slightly over 7.47, target n/a, Stop Loss @ 7.45 Details
If 7.47 begins to break higher, the technical summary data tells us to buy BSBK just slightly over 7.47, with an upside target of n/a. The data also tells us to set a stop loss @ 7.45 in case the stock turns against the trade. 7.47 is the first level of resistance above 7.2501, and by rule, any break above resistance is a buy signal. In this case, 7.47, 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 BSBK slightly near 7.47, target 7.06, Stop Loss @ 7.49. Details
The technical summary data is suggesting a short of BSBK if it tests 7.47 with a downside target of 7.06. We should have a stop loss in place at 7.49 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, 7.47, 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 BSBK
- Buy BSBK slightly over 7.47, target n/a, Stop Loss @ 7.45 Details
If 7.47 begins to break higher, the technical summary data tells us to buy BSBK just slightly over 7.47, with an upside target of n/a. The data also tells us to set a stop loss @ 7.45 in case the stock turns against the trade. 7.47 is the first level of resistance above 7.2501, and by rule, any break above resistance is a buy signal. In this case, 7.47, 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 BSBK slightly near 7.47, target 7.09, Stop Loss @ 7.49. Details
The technical summary data is suggesting a short of BSBK if it tests 7.47 with a downside target of 7.09. We should have a stop loss in place at 7.49 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, 7.47, 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 Bogota Financial Corp. (BSBK) available here: BSBK.
BSBK Ratings for July 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
6.17 |
| P2 |
7.09 |
6.82 |
6.8 |
| P3 |
0 |
7.06 |
7.47 |
AI Generated Signals for BSBK
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 Bogota Financial Corp. (NASDAQ: BSBK) data table below can help you with price action, and we have more details too. Trading plans for BSBK 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 BSBK:
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