Dec. 10 at 5:01 AM
Actionable Trade Alert for
$BATRK:
Market Context:
$BATRK is currently trading at
$38.97, showing a healthy RSI of 59.2, indicating bullish momentum but not overbought. The stock is positioned near its 30-day and 50-day moving averages (MA30:
$39.12, MA50:
$39.54), suggesting potential resistance around these levels. The recent 60-day high of
$42.08 provides a clear target for upward movement.
Directional Bias: Given the RSI and proximity to moving averages, we anticipate a bullish breakout above the MA30 and MA50. The price is also above the 60-day low of
$37.76, reinforcing upward potential.
Trade Plan:
- Suggested Entry:
$39.00 (breakout entry)
- Stop Loss:
$37.50 (below recent support)
- Take Profit Targets:
1.
$40.50 (3.85% gain)
2.
$41.50 (6.08% gain)
3.
$45.50 (17.00% gain)
This plan offers a solid risk-reward ratio with a potential 17% ROI on the third target.
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