Dec. 25 at 1:26 PM
Actionable Trade Alert for
$BA:
Market Context: Boeing (
$BA) is currently trading at
$218.16, exhibiting strong momentum as indicated by an RSI of 75.33, suggesting overbought conditions. The price is above both the 30-day MA of
$198.32 and the 50-day MA of
$202.41, indicating a bullish trend. However, the high of
$226.19 from the last 60 days suggests potential resistance.
Directional Bias: Given the overbought RSI and proximity to the 60D high, we anticipate a pullback before further upward movement. This creates a strategic entry point.
Suggested Trade Plan:
- Entry:
$216.00 (slightly below the current price)
- Stop Loss:
$210.00 (to limit risk)
- Take Profit Targets:
1.
$222.00 (2.75% ROI)
2.
$228.00 (5.43% ROI)
3.
$256.00 (17.38% ROI)
This plan allows for potential gains while managing risk effectively. Monitor the price action closely for adjustments.
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