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

June 20, 2024, 8:16 AM ET, BY Chris – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BSMU

• Buy BSMU just above 21.52, target 22.06, stop loss at 21.46 details

The technical summary data tells us to buy BSMU at 21.52 with an upside target of 22.06. This data also tells us to set a stop loss at 21.46 to protect ourselves from excessive losses in case the stock starts moving against the trade. 21.52 is the first support level below 21.96 and according to the rule, any test of support is a buy signal. In this case, the support at 21.52 would be tested, so a buy signal would be present.

• Short BSMU just below 22.06, target 21.52, stop loss at 22.12 details

The technical summary data suggests a short of BSMU as it approaches 22.06, with a downside target of 21.52. However, we should place a stop loss at 22.12. 22.06 is the first resistance level above 21.96, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 22.06 resistance is tested.

Swing Trading Plans for BSMU

• Buy BSMU just above 22.06, target nz, stop loss at 22 details

If 22.06 starts to rise, the technical summary data tells us to buy BSMU just above 22.06, with an upside target of n/a. The data also tells us to set a stop loss at 22 in case the stock turns against the trade. 22.06 is the first resistance level above 21.96, and according to the rule, any break above resistance is a buy signal. In this case, 22.06, the initial resistance, would move up, 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 BSMU just near 22.06, target 21.52, stop loss at 22.12. details

The technical summary data suggests a short of BSMU if it tests 22.06 with a downside target of 21.52. However, we should place a stop loss at 22.12 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 22.06 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 BSMU

• Buy BSMU just above 22.06, target 22.57, stop loss at 22.01. details

If 22.06 starts to rise, the technical summary data tells us to buy BSMU just above 22.06, with an upside target of 22.57. The data also tells us to set a stop loss at 22.01 in case the stock turns against the trade. 22.06 is the first resistance level above 21.96, and any break above resistance is usually a buy signal. In this case, 22.06, 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 BSMU just near 22.06, target 21.52, stop loss at 22.11. details

The technical summary data suggests a short of BSMU if it tests 22.06 with a downside target of 21.52. However, we should place a stop loss at 22.11 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 22.06 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 Invesco Bulletshares 2030 Municipal Bond ETF (BSMU) available here: BSMU.

BSMU Ratings for June 20:

AI-generated signals for BSMU

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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 Invesco Bulletshares 2030 Municipal Bond ETF The data table (NASDAQ:BSMU) below can help you with the price trend and we also have more details. Trading plans for BSMU are also displayed here; these plans are updated in real-time for subscribers for whom this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.