(BML.PL) Investment analysis and advice

January 1, 2024 at 21:05 PM ET Written by Allen K. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

BML.PL long term trading plan

• BML.PL was bought without a stop loss at 21.48, just above the target of 21.54. detail

The technical summary data tells us to buy BML.PL around 21.54, but the summary table shows no upside price target at this time. In this case, you will have to wait until the summary table is updated (usually at the beginning of the trading day) or until the position is closed. According to the data, the stop loss should be set at 21.48 to prevent excessive losses if the stock starts moving against the trade. 21.54 is the first support level below 21.55 and by rule, a test of support is a buy signal. In this case, a buy signal exists if support 21.54 is tested.

• none . detail

none .
There is no current resistance level in the summary table. Therefore, there is no short resistance plan that tells you to short when testing the resistance. The resistance level has broken further above and short positions look risky unless the stock reverses and falls below the support level again.

BML.PL swing trading plan

• Buy BML.PL at just above 21.63, target price 21.86, stop loss @ 21.57 detail

If the price starts to break above 21.63, the technical summary data indicates that we need to buy BML.PL just above 21.63, with an upside target of 21.86. The data also tells us to set a stop loss at 21.57 in case the stock trades against us. 21.63 is the first resistance level above 21.55, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 21.63 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short BML.PL just shy of 21.63, target 20.87, stop loss @21.69. detail

Technical summary data suggests a short on BML.PL if it tests 21.63 with a downside target of 20.87. However, you should set a stop loss at 21.69 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, when we test resistance 21.63, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

BML.PL day trading plan

• Buy BML.PL at just above 21.86, no target, stop loss @ 21.81 detail

If the price starts to break above 21.86, technical summary data suggests we should buy BML.PL just above 21.86 with no upside price objective. The data also tells us to set a stop loss at 21.81 in case the stock trades against us. 21.86 is the first resistance level above 21.55, and as a general rule, a break above resistance is a buy signal. In this case, there is a buy signal as the initial resistance at 21.86 is breaking out. This plan is called a long-term resistance plan because it is based on interruptions in resistance.

• Short BML.PL just shy of 21.86, target 20.87, stop loss @21.91. detail

Technical summary data suggests a short on BML.PL if it tests 21.86 with a downside target of 20.87. However, you should set a stop loss at 21.91 in case the stock starts moving against the trade. As a rule, all resistance tests are short signals. In this case, when we test resistance 21.86, a short signal is present. This plan is called a short-term resistance plan because it is a short-term plan based on testing resistance.

Real-time updates are available at: Bank of America Corporation Depositary Shares Series 5 (BML.PL) Page here: BML.PL

BML.PL rating on January 1st:

BML.PL support and resistance plot chart

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Smart investment analysis requires observing support and resistance levels. Bank of America Corporation Depositary Shares Series 5 (NASDAQ: BML.PL) too. These define a smart trading plan.

caveat:

This is a static report and the data below is valid at the time of publication, however support and resistance levels for BML.PL change over time and the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are technical analysis rules. For example, if BML.PL is testing a support buy signal, resistance will be the target. Conversely, if resistance is being tested, it is a sign to control risk or short, and support will be a downside target accordingly. In either case, the trigger point is designed to be an ideal place to enter a position (avoiding trading in the middle of a trading channel) and also serves as a level of risk control. Masu.

Swing trading, day trading, and long-term trading plans:

This data has been refined to distinguish between BML.PL’s trading plans for day trading, swing trading, and long-term investment plans. All of these are displayed below the summary table.