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 Ishares Nasdaq Biotechnology E (NYSE: IBB) report below is a real world example. Included are trading plans for IBB, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports .
Technical Summary
Term ? | Near | Mid | Long |
---|---|---|---|
Bias | Strong | Weak | Strong |
P1 | 0 | 0 | 148.60 |
P2 | 149.79 | 150.54 | 159.54 |
P3 | 152.90 | 153.78 | 170.68 |
Longer Term Trading Plans for IBB
May 25, 2021, 7:15 pm ET
Our Longer Term Plans for IBB help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this IBB Report.
IBB - (Long) Support Plan
Buy over 148.60 target 159.54 stop loss @ 148.17
IBB - (Short) Resistance Plan
Short under 159.54, target 148.60, stop loss @ 160