Dec. 11 at 11:29 PM
Actionable Trade Alert for
$BALL:
Market Context:
$BALL closed at
$48.85, showing a stable price with an RSI of 54.81, indicating neutral momentum. The stock is currently above its 30-day MA of
$48.14 and 50-day MA of
$48.39, suggesting bullish sentiment. The recent 60-day high of
$50.83 provides a resistance level, while the low of
$44.83 establishes a support range.
Directional Bias: With the RSI above 50 and the price above the MAs, we anticipate upward movement towards the recent high. The ATR of 1.13 indicates moderate volatility, allowing for potential gains.
Trade Plan:
- Suggested Entry:
$48.90
- Stop Loss:
$47.50 (approximately 2.86% below entry)
- Take Profit Targets:
1.
$50.00 (2.25% gain)
2.
$51.00 (4.5% gain)
3.
$57.25 (17% gain)
This trade plan leverages the current market conditions and technical indicators for a potential profitable outcome.
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