Longer Term Trading Plans for XBJL
- Buy XBJL near 34.13 target 34.54 stop loss @ 34.03
- Short XBJL slightly under 34.54, target 34.13, stop loss @ 34.64
December 29, 2024, 08:34 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy XBJL near 34.13 with an upside target of 34.54. This data also tells us to set a stop loss @ 34.03 to protect against excessive loss in case the stock begins to move against the trade. 34.13 is the first level of support below 34.2903 , and by rule, any test of support is a buy signal. In this case, support 34.13 is being tested, a buy signal would exist.
The technical…







