Nov. 15 at 12:16 AM
$BBIO: The last close at
$66.39 indicates a strong position above the 30-day moving average (MA30) of
$59.46 and the 50-day moving average (MA50) of
$56.49, suggesting bullish momentum. The RSI at 57.76 is approaching overbought territory but still indicates strength, supporting a positive directional bias. The price is also near the 60-day high of
$69.48, which could act as a resistance level.
Suggested entry point:
$66.50, slightly above the last close to confirm upward momentum. Stop loss:
$63.00, below recent support levels and the MA30.
Targets: First target at
$69.00, just below the 60-day high, to capture potential resistance. Second target at
$71.00, allowing for further upside if momentum continues.
Monitor market conditions closely, as volatility (ATR at 3.13) suggests potential price swings.
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