Dec. 10 at 4:57 AM
$BANC is currently trading at
$19.08, with a high RSI of 87.91 indicating it is in overbought territory. The recent price action shows a strong upward trend, surpassing the 30-day moving average (MA30) of
$17.65 and the 50-day moving average (MA50) of
$17.36. The 60-day high of
$19.46 suggests potential resistance at this level, while the 60-day low of
$15.33 provides a solid support base.
Actionable Trade Plan:
- Suggested Entry:
$19.10 (slightly above current price to capture momentum)
- Stop Loss:
$18.50 (to limit risk)
- Take Profit Targets:
1. Target 1:
$19.50 (2% gain)
2. Target 2:
$20.00 (4.8% gain)
3. Target 3:
$22.40 (17.5% gain)
The directional bias is bullish due to the strong momentum indicated by the RSI and the price being above key moving averages. Monitor for potential pullbacks and adjust targets as necessary.
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