When the Price of Invesco Db Base Metals DBB Talks, People Listen

January 27, 2023, 18:30 pmET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DBB

Buy DBB slightly over 21.89 target n/a stop loss @ 21.83. Details

The technical summary data tells us to buy DBB near 21.89, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 21.83 to protect against excessive loss in case the stock begins to move against the trade. 21.89 is the first level of support below 22.05, and by rule, any test of support is a buy signal. In this case, if support 21.89 is being tested, a buy signal would exist.

NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for DBB

Buy DBB slightly over 22.37, target 23.35, Stop Loss @ 22.31 Details

If 22.37 begins to break higher, the technical summary data tells us to buy DBB just slightly over 22.37, with an upside target of 23.35. The data also tells us to set a stop loss @ 22.31 in case the stock turns against the trade. 22.37 is the first level of resistance above 22.05, and by rule, any break above resistance is a buy signal. In this case, 22.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short DBB slightly near 22.37, target 21.89, Stop Loss @ 22.43. Details

The technical summary data is suggesting a short of DBB if it tests 22.37 with a downside target of 21.89. We should have a stop loss in place at 22.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for DBB

Buy DBB slightly over 22.37, target 23.35, Stop Loss @ 22.32 Details

If 22.37 begins to break higher, the technical summary data tells us to buy DBB just slightly over 22.37, with an upside target of 23.35. The data also tells us to set a stop loss @ 22.32 in case the stock turns against the trade. 22.37 is the first level of resistance above 22.05, and by rule, any break above resistance is a buy signal. In this case, 22.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

Short DBB slightly near 22.37, target 21.89, Stop Loss @ 22.42. Details

The technical summary data is suggesting a short of DBB if it tests 22.37 with a downside target of 21.89. We should have a stop loss in place at 22.42 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 22.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

DBB Ratings for January 27:

Term →	Near	Mid	Long
Rating	Strong	Strong	Weak
P1	0	0	16.79
P2	22.27	22.37	19.27
P3	0	23.35	21.89

⚠Triggers may have already come

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Chart of DBB with Longer Term Pivots

Blue = Current Price
Red= Resistance
Green = Support

DBB Long Term Analysis for January 27 2023

This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Invesco Db Base Metals (NYSE: DBB) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for DBB can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.