When (BNS) Moves Investors should Listen
August 09, 2024, 00:04 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BNS
- Buy BNS slightly over 44.73 target 47.42 stop loss @ 44.6 Details
The technical summary data tells us to buy BNS near 44.73 with an upside target of 47.42. This data also tells us to set a stop loss @ 44.6 to protect against excessive loss in case the stock begins to move against the trade. 44.73 is the first level of support below 45.94 , and by rule, any test of support is a buy signal. In this case, support 44.73 would be being tested, so a buy signal would exist.
- Short BNS slightly under 47.42, target 44.73, stop loss @ 47.56 Details
The technical summary data is suggesting a short of BNS as it gets near 47.42 with a downside target of 44.73. We should have a stop loss in place at 47.56though. 47.42 is the first level of resistance above 45.94, and by rule, any test of resistance is a short signal. In this case, if resistance 47.42 is being tested, so a short signal would exist.
Swing Trading Plans for BNS
- Buy BNS slightly over 46.02, target 47.42, Stop Loss @ 45.89 Details
If 46.02 begins to break higher, the technical summary data tells us to buy BNS just slightly over 46.02, with an upside target of 47.42. The data also tells us to set a stop loss @ 45.89 in case the stock turns against the trade. 46.02 is the first level of resistance above 45.94, and by rule, any break above resistance is a buy signal. In this case, 46.02, 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 BNS slightly near 46.02, target 44.8, Stop Loss @ 46.15. Details
The technical summary data is suggesting a short of BNS if it tests 46.02 with a downside target of 44.8. We should have a stop loss in place at 46.15 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, 46.02, 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 BNS
- Buy BNS slightly over 46.1, target 47.42, Stop Loss @ 45.99 Details
If 46.1 begins to break higher, the technical summary data tells us to buy BNS just slightly over 46.1, with an upside target of 47.42. The data also tells us to set a stop loss @ 45.99 in case the stock turns against the trade. 46.1 is the first level of resistance above 45.94, and by rule, any break above resistance is a buy signal. In this case, 46.1, 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 BNS slightly near 46.1, target 45.38, Stop Loss @ 46.21. Details
The technical summary data is suggesting a short of BNS if it tests 46.1 with a downside target of 45.38. We should have a stop loss in place at 46.21 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, 46.1, 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 Bank Nova Scotia Halifax Pfd 3 (BNS) available here: BNS.
BNS Ratings for August 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Weak |
Neutral |
| P1 |
0 |
0 |
44.73 |
| P2 |
45.38 |
44.8 |
47.42 |
| P3 |
46.1 |
46.02 |
49.96 |
AI Generated Signals for BNS
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Bank Nova Scotia Halifax Pfd 3 (NYSE: BNS) report below is a real world example. Included are trading plans for BNS, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for BNS:
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