Nov. 14 at 11:14 PM
$BAC is currently trading at
$52.61, within a range defined by a 60-day high of
$54.69 and a low of
$48.46. The RSI at 46.51 indicates that the stock is neither overbought nor oversold, suggesting a neutral market sentiment. The 30-day moving average (MA30) at
$51.95 is above the 50-day moving average (MA50) at
$51.64, indicating a potential bullish trend.
Given the current metrics, a directional bias leans slightly bullish due to the MA positioning and the proximity to the 60-day high. A suggested entry point could be around
$52.80, just above the last close to confirm upward momentum. A stop loss can be placed at
$51.50 to limit potential losses.
For targets, consider
$54.00, close to the 60-day high, and
$54.50 as a secondary target. This trade plan leverages the current market context and technical indicators for a strategic approach.
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