![]() ![]() We should have a stop loss in place at 3.51 though in case the stock begins to move against the trade. The technical summary data is suggesting a short of BTG if it tests 3.50 with a downside target of 2.94. Short BTG slightly near 3.50, target 2.94, Stop Loss 3.51. ![]() Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan. In this case, 3.50, initial resistance, would be breaking higher, so a buy signal would exist. 3.50 is the first level of resistance above 3.14, and by rule, any break above resistance is a buy signal. The data also tells us to set a stop loss 3.49 in case the stock turns against the trade. If 3.50 begins to break higher, the technical summary data tells us to buy BTG just slightly over 3.50, with an upside target of n/a. Buy BTG slightly slightly over 3.50, target n/a, Stop Loss 3.49 Details.In this case, if resistance 3.50 is being tested, so a short signal would exist. 3.50 is the first level of resistance above 3.14, and by rule, any test of resistance is a short signal. We should have a stop loss in place at 3.51though. The technical summary data is suggesting a short of BTG as it gets near 3.50 with a downside target of 2.94. Short BTG slightly under 3.50, target 2.94, stop loss 3.51 Details.In this case, support 2.94 would be being tested, so a buy signal would exist. 2.94 is the first level of support below 3.14, and by rule, any test of support is a buy signal. This data also tells us to set a stop loss 2.93 to protect against excessive loss in case the stock begins to move against the trade. The technical summary data tells us to buy BTG near 2.94 with an upside target of 3.50. Buy BTG slightly slightly over 2.94 target 3.50 stop loss 2.93 Details.Source: Stock Traders Daily Longer Term Trading Plans for BTG ![]()
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March 2023
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