When (BKCH) Moves Investors should Listen
December 02, 2024, 07:58 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BKCH
- Buy BKCH near 65.14 target n/a stop loss @ 64.95. Details
The technical summary data tells us to buy BKCH near 65.14, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 64.95 to protect against excessive loss in case the stock begins to move against the trade. 65.14 is the first level of support below 71, and by rule, any test of support is a buy signal. In this case, if support 65.14 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for BKCH
- Buy BKCH slightly over 71.85, target n/a, Stop Loss @ 71.64 Details
If 71.85 begins to break higher, the technical summary data tells us to buy BKCH just slightly over 71.85, with an upside target of n/a. The data also tells us to set a stop loss @ 71.64 in case the stock turns against the trade. 71.85 is the first level of resistance above 71, and by rule, any break above resistance is a buy signal. In this case, 71.85, 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 BKCH slightly near 71.85, target 65.74, Stop Loss @ 72.06. Details
The technical summary data is suggesting a short of BKCH if it tests 71.85 with a downside target of 65.74. We should have a stop loss in place at 72.06 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, 71.85, 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 BKCH
- Buy BKCH slightly over 71.85, target 72.15, Stop Loss @ 71.68 Details
If 71.85 begins to break higher, the technical summary data tells us to buy BKCH just slightly over 71.85, with an upside target of 72.15. The data also tells us to set a stop loss @ 71.68 in case the stock turns against the trade. 71.85 is the first level of resistance above 71, and by rule, any break above resistance is a buy signal. In this case, 71.85, 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 BKCH slightly near 71.85, target 67.91, Stop Loss @ 72.02. Details
The technical summary data is suggesting a short of BKCH if it tests 71.85 with a downside target of 67.91. We should have a stop loss in place at 72.02 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, 71.85, 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 Global X Blockchain Etf (BKCH) available here: BKCH.
BKCH Ratings for December 02:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
45.41 |
| P2 |
67.91 |
65.74 |
54.42 |
| P3 |
72.15 |
71.85 |
65.14 |
AI Generated Signals for BKCH
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 Global X Blockchain Etf (NASDAQ: BKCH) report below is a real world example. Included are trading plans for BKCH, 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 BKCH:
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