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$BCUS | ($BCUS) Trading Signals (BCUS)

By Thomas Kee

$BCUS | ($BCUS) Trading Signals (BCUS)

The technical summary data tells us to buy BCUS near 28.82 with an upside target of 30.39. This data also tells us to set a stop loss @ 28.74 to protect against excessive loss in case the stock begins to move against the trade. 28.82 is the first level of support below 29.9971 , and by rule, any test of support is a buy signal. In this case, support 28.82 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of BCUS as it gets near 30.39 with a downside target of 28.82. We should have a stop loss in place at 30.48though. 30.39 is the first level of resistance above 29.9971, and by rule, any test of resistance is a short signal. In this case, if resistance 30.39 is being tested, a short signal would exist.

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