(DRUG) Trading Signals

November 18, 2024, 23:40 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DRUG

• Buy DRUG near 18.66 target 38.74 stop loss @ 18.61 Details

The technical summary data tells us to buy DRUG near 18.66 with an upside target of 38.74. This data also tells us to set a stop loss @ 18.61 to protect against excessive loss in case the stock begins to move against the trade. 18.66 is the first level of support below 36.43 , and by rule, any test of support is a buy signal. In this case, support 18.66 is being tested, a buy signal would exist.

• Short DRUG slightly under 38.74, target 18.66, stop loss @ 38.85 Details

The technical summary data is suggesting a short of DRUG as it gets near 38.74 with a downside target of 18.66. We should have a stop loss in place at 38.85though. 38.74 is the first level of resistance above 36.43, and 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.

Swing Trading Plans for DRUG

• Buy DRUG slightly over 38.74, target 42.17, Stop Loss @ 38.63 Details

If 38.74 begins to break higher, the technical summary data tells us to buy DRUG just slightly over 38.74, with an upside target of 42.17. 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 36.43, 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 DRUG slightly near 38.74, target 34.89, Stop Loss @ 38.85. Details

The technical summary data is suggesting a short of DRUG if it tests 38.74 with a downside target of 34.89. 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 DRUG

• Buy DRUG slightly over 36.89, target 38.74, Stop Loss @ 36.8 Details

If 36.89 begins to break higher, the technical summary data tells us to buy DRUG just slightly over 36.89, with an upside target of 38.74. The data also tells us to set a stop loss @ 36.8 in case the stock turns against the trade. 36.89 is the first level of resistance above 36.43, and by rule, any break above resistance is a buy signal. In this case, 36.89, 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 DRUG slightly near 36.89, target 34.89, Stop Loss @ 36.98. Details

The technical summary data is suggesting a short of DRUG if it tests 36.89 with a downside target of 34.89. We should have a stop loss in place at 36.98 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, 36.89, 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 Bright Minds Biosciences Inc. (DRUG) available here: DRUG.

DRUG Ratings for November 18:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	4.17
P2	36.89	34.89	18.66
P3	40.98	42.17	38.74

AI Generated Signals for DRUG

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Trading Bright Minds Biosciences Inc. (NASDAQ: DRUG) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DRUG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DRUG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DRUG too.  All of these are offered below the Summary Table.