Dec. 5 at 11:20 PM
Actionable Trade Alert for
$BANC:
Market Context:
$BANC is currently trading at
$18.92, showing bullish momentum with an RSI of 72.26, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of 17.43 and 50-day moving average (MA50) of 17.21, suggesting a strong upward trend.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$19.1, a short-term pullback may occur before further gains. However, the overall trend remains bullish.
Trade Plan:
- Suggested Entry:
$18.92
- Stop Loss:
$18.42 (below recent support)
- Take Profit Targets:
- Target 1:
$19.10 (1% gain)
- Target 2:
$20.00 (5.7% gain)
- Target 3:
$22.15 (17.5% gain)
This plan allows for a potential 17.5% ROI on Target 3 while maintaining a manageable risk with a stop loss. Monitor price action closely for adjustments.
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