$BINC | ($BINC) Technical Pivots with Risk Controls (BINC)

By Thomas Kee

$BINC | ($BINC) Technical Pivots with Risk Controls (BINC)

The technical summary data tells us to buy BINC near 52.35 with an upside target of 52.8. This data also tells us to set a stop loss @ 52.2 to protect against excessive loss in case the stock begins to move against the trade. 52.35 is the first level of support below 52.56 , and by rule, any test of support is a buy signal. In this case, support 52.35 would be being tested, so a buy signal would exist.

The technical summary data is suggesting a short of BINC as it gets near 52.8 with a downside target of 52.35. We should have a stop loss in place at 52.95though. 52.8 is the first level of resistance above 52.56, and by rule, any test of resistance is a short signal. In this case, if resistance 52.8 is being tested, so a short signal would exist.

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