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June 30, 2024, 7:22 AM ET, BY David D. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BSTP

• Buy BSTP just above 30.8, target 31.59, stop loss at 30.71 details

The technical summary data tells us to buy BSTP at 30.8 with an upside target of 31.59. This data also tells us to set a stop loss at 30.71 to protect ourselves from excessive losses in case the stock starts moving against the trade. 30.8 is the first support level below 31.3695, and any test of support is usually a buy signal. In this case, the support at 30.8 is tested, a buy signal would be present.

• Short BSTP just below 31.59, target 30.8, stop loss at 31.68 details

The technical summary data suggests a short of BSTP as it approaches 31.59, with a downside target of 30.8. However, we should place a stop loss at 31.68. 31.59 is the first resistance level above 31.3695, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 31.59 resistance is tested.

Swing Trading Plans for BSTP

• Buy BSTP just above n/a, target n/a, stop loss at 0 details

If $n/a starts to break higher, the technical summary data tells us to buy BSTP just above $n/a, with an upside target of $n/a. The data also tells us to set a stop loss at 0 in case the stock turns against the trade. $n/a is the first resistance level above 31.3695, and according to the rule, any break above resistance is a buy signal. In this case, $n/a, the initial resistance, would break higher, 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 BSTP just near n/a, target 30.8, stop loss at 0. details

The technical summary data suggests a short of BSTP if it tests n/a with a downside target of 30.8. However, we should set a stop loss at 0 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present when a resistance, n/a, 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 BSTP

• Buy BSTP just above 31.59, target nz, stop loss at 31.52 details

If 31.59 starts to rise, the technical summary data tells us to buy BSTP just above 31.59, with an upside target of n/a. The data also tells us to set a stop loss at 31.52 in case the stock turns against the trade. 31.59 is the first resistance level above 31.3695, and any break above resistance is usually a buy signal. In this case, 31.59, 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 BSTP close to 31.59, target 30.8, stop loss at 31.66. details

The technical summary data suggests a short of BSTP if it tests 31.59 with a downside target of 30.8. However, we should place a stop loss at 31.66 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 31.59 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 Innovator Buffer Step-Up Strategy ETF (BSTP) available here: BSTP.

BSTP Ratings for June 30:

AI-generated signals for BSTP

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in Innovator Buffer Step-Up Strategy ETF (NASDAQ: BSTP) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for BSTP change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when BSTP tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or go short, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for BSTP. All of these are offered below the summary table.