Dec. 6 at 1:19 AM
Actionable Trade Alert for
$BAC:
Market Context:
$BAC is currently trading at
$54.16, showing bullish momentum as it approaches its 60D high of
$54.69. The RSI at 59.17 indicates that the stock is nearing overbought territory but still has room for upward movement. The MA30 at
$52.85 and MA50 at
$52.04 support a bullish trend, suggesting a continuation of the upward movement.
Directional Bias: Bullish, due to the proximity to the 60D high and supportive moving averages.
Trade Plan:
- Suggested Entry:
$54.20
- Stop Loss:
$52.50 (1.5% below entry)
- Take Profit Targets:
1.
$55.00 (1.5% ROI)
2.
$56.00 (3.3% ROI)
3.
$63.50 (17.3% ROI)
The third target offers a significant return, capitalizing on potential bullish momentum. Monitor the stock closely for any signs of reversal.
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