How to Profit from Movements in (BALY)

July 20, 2024, 12:30 a.m. ET, BY Thomas H. Kee Jr. – Editor in Chief, Stock Traders Daily | Editor in Chief: Thomas H. Kee Jr. (Follow on LinkedIn)

Long-term trading plans for BALY

• Buy BALY slightly above 11.85 target 14.29 stop loss @ 11.82 Details

The technical summary data tells us to buy BALY near 11.85 with an upside target of 14.29. This data also tells us to set a stop loss at 11.82 to protect against excessive loss in case the stock starts to move against the trade. 11.85 is the first support level below 13.8, and as a rule, any test of support is a buy signal. In this case, if support 11.85 is tested, there would be a buy signal.

• Short BALY just below 14.29, target 11.85, stop loss @ 14.33 Details

The technical summary data suggests a short of BALY as it is approaching 14.29 with a downside target of 11.85. However, we should have a stop loss at 14.33. 14.29 is the first resistance level above 13.8 and as per the rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance 14.29 is tested.

Swing Trading Plans for BALY

• Buy BALY just above 14.39, target n/a, Stop Loss @ 14.35 Details

If 14.39 starts to rise, the technical summary data tells us to buy BALY at just above 14.39, with an upside target of n/a. The data also tells us to set a stop loss at 14.35 in case the stock turns against the trade. 14.39 is the first resistance level above 13.8, and as a rule, any break above resistance is a buy signal. In this case, 14.39, the initial resistance, would rise, so there would be a buy signal. Because this plan is based on a break above resistance, it is called a Long Resistance Plan.

• Short BALY something around 14.39, target price 13.56, stop loss @ 14.43. Details

The technical summary data suggests a short of BALY if it tests 14.39 with a downside target of 13.56. However, we should have a stop loss at 14.43 in case the stock starts moving against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would exist if resistance, 14.39, 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 BALY

• Buy BALY just above 13.98, target 14.39, Stop Loss @ 13.95 Details

If 13.98 starts to rise, the technical summary data tells us to buy BALY at just above 13.98, with an upside target of 14.39. The data also tells us to set a stop loss at 13.95 in case the stock turns against the trade. 13.98 is the first resistance level above 13.8, and as a rule, any break above the resistance is a buy signal. In this case, 13.98, the initial resistance, would rise, so there would be a buy signal. Because this plan is based on a break above the resistance, it is called a Long Resistance Plan.

• Buy BALY short, something around 13.98, target price 13.68, stop loss at 14.01. Details

The technical summary data suggests a short of BALY if it tests 13.98 with a downside target of 13.68. However, we should have a stop loss at 14.01 in case the stock starts to move against the trade. As a rule, any test of resistance is a short signal. In this case, a short signal would occur if resistance, 13.98, 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 on this data. Updated AI-generated signals for Bally’s company (BALY) available here: BALI.

BALY Reviews for July 20:

Term →	Near	Middle	Long
Judgement	Strong	Strong	Weak
P1	0	0	9.33
P2	13.68	13.56	11.85
P3	13.98	14.39	14.29

AI generated signals for BALY

Blue = Current price
Red = Resistance
Green = Support

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This Bally’s company (NASDAQ: BALY) trading report includes analysis used by some of the world’s largest funds. Scrutinize the technical takeaways.

Warning:

This is a static report, the data below was valid at the time of publication, but support and resistance levels for BALY change over time, so 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 the rules of technical analysis. For example, if BALY tests support buy signals surface, resistance is the target. Conversely, if resistance is tested, that is a sign to control risk or short, and support would accordingly be the downside target. 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 it also acts as a level of risk control.

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

This data is refined to distinguish Day Trading, Swing Trading and Long Term Investing plans for BALY. All of these are provided below the summary table.

Fundamental charts for BALY: