How the (BCI) price action is used to our Advantage
September 28, 2024, 16:00 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BCI
- Buy BCI near 19.98 target 20.8 stop loss @ 19.92 Details
The technical summary data tells us to buy BCI near 19.98 with an upside target of 20.8. This data also tells us to set a stop loss @ 19.92 to protect against excessive loss in case the stock begins to move against the trade. 19.98 is the first level of support below 20.47 , and by rule, any test of support is a buy signal. In this case, support 19.98 is being tested, a buy signal would exist.
- Short BCI slightly under 20.8, target 19.98, stop loss @ 20.86 Details
The technical summary data is suggesting a short of BCI as it gets near 20.8 with a downside target of 19.98. We should have a stop loss in place at 20.86though. 20.8 is the first level of resistance above 20.47, and by rule, any test of resistance is a short signal. In this case, if resistance 20.8 is being tested, a short signal would exist.
Swing Trading Plans for BCI
- Buy BCI slightly over 20.8, target n/a, Stop Loss @ 20.74 Details
If 20.8 begins to break higher, the technical summary data tells us to buy BCI just slightly over 20.8, with an upside target of n/a. The data also tells us to set a stop loss @ 20.74 in case the stock turns against the trade. 20.8 is the first level of resistance above 20.47, and by rule, any break above resistance is a buy signal. In this case, 20.8, 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 BCI slightly near 20.8, target 20.47, Stop Loss @ 20.86. Details
The technical summary data is suggesting a short of BCI if it tests 20.8 with a downside target of 20.47. We should have a stop loss in place at 20.86 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, 20.8, 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 BCI
- Buy BCI slightly over 20.8, target n/a, Stop Loss @ 20.75 Details
If 20.8 begins to break higher, the technical summary data tells us to buy BCI just slightly over 20.8, with an upside target of n/a. The data also tells us to set a stop loss @ 20.75 in case the stock turns against the trade. 20.8 is the first level of resistance above 20.47, and by rule, any break above resistance is a buy signal. In this case, 20.8, 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 BCI slightly near 20.8, target 19.98, Stop Loss @ 20.85. Details
The technical summary data is suggesting a short of BCI if it tests 20.8 with a downside target of 19.98. We should have a stop loss in place at 20.85 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, 20.8, 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 Abrdn Bloomberg All Commodity Strategy K-1 Free Etf (BCI) available here: BCI.
BCI Ratings for September 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
19.19 |
| P2 |
20.58 |
20.47 |
19.98 |
| P3 |
0 |
20.68 |
20.8 |
AI Generated Signals for BCI
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 Abrdn Bloomberg All Commodity Strategy K-1 Free Etf (NYSE: BCI) data table below can help you with price action, and we have more details too. Trading plans for BCI 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 BCI:
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