How we can use the (BUFT) price action to our advantage

July 15, 2024, 8:46 PM ET, BY James G. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BUFT

• Buy BUFT just above 21.62, target 21.93, stop loss at 21.56 details

The technical summary data tells us to buy BUFT at 21.62 with an upside target of 21.93. This data also tells us to set a stop loss at 21.56 to protect ourselves from excessive losses in case the stock starts moving against the trade. 21.62 is the first support level below 21.885 and according to the rule, any test of the support level is a buy signal. In this case, the 21.62 support level would be tested, so a buy signal would be present.

• Short BUFT just below 21.93, target 21.62, stop loss at 21.99 details

The technical summary data suggests a short of BUFT as it approaches 21.93, with a downside target of 21.62. However, we should place a stop loss at 21.99. 21.93 is the first resistance level above 21.885, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 21.93 resistance is tested.

Swing Trading Plans for BUFT

• Buy BUFT just above 21.93, target nz, stop loss at 21.87 details

If 21.93 starts to rise, the technical summary data tells us to buy BUFT just above 21.93, with an upside target of $n/a. The data also tells us to set a stop loss at 21.87 in case the stock turns against the trade. 21.93 is the first resistance level above 21.885, and any break above resistance is usually a buy signal. In this case, 21.93, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BUFT close to 21.93, target 21.62, stop loss at 21.99. details

The technical summary data suggests a short of BUFT if 21.93 is tested with a downside target of 21.62. However, we should place a stop loss at 21.99 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 21.93 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for BUFT

• Buy BUFT just above 21.93, target 22.18, stop loss at 21.88. details

If 21.93 starts to rise, the technical summary data tells us to buy BUFT just above 21.93, with an upside target of 22.18. The data also tells us to set a stop loss at 21.88 in case the stock turns against the trade. 21.93 is the first resistance level above 21.885, and any break above resistance is usually a buy signal. In this case, 21.93, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BUFT close to 21.93, target 21.62, stop loss at 21.98. details

The technical summary data suggests a short of BUFT if 21.93 is tested with a downside target of 21.62. However, we should place a stop loss at 21.98 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 21.93 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Ft Cboe Vest Buffered Allocation Defensive ETF (BUFT) available here: BUFFALO.

BUFT Ratings for July 15:

AI-generated signals for BUFT

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Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Ft Cboe Vest Buffered Allocation Defensive ETF The data table (NASDAQ:BUFT) below can help you with the price action and we also have more details. Trading plans for BUFT are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.