Dec. 6 at 3:14 AM
Actionable Trade Alert for
$BBWI:
Market Context:
$BBWI is currently trading at
$19.01, positioned within a 60-day range of
$14.28 (low) to
$28.26 (high). The RSI at 37.67 indicates that the stock is nearing oversold territory, suggesting potential upward momentum.
Directional Bias: The stock's current price is below both the 30-day MA of
$21.48 and the 50-day MA of
$23.27, indicating a bearish trend. However, the low RSI suggests a possible reversal, making this a strategic entry point.
Trade Plan:
- Suggested Entry:
$19.01
- Stop Loss:
$17.50 (approximately 7.9% below entry)
- Take Profit Targets:
- TP1:
$21.00 (10.5% ROI)
- TP2:
$23.00 (21.0% ROI)
- TP3:
$22.25 (16.8% ROI)
With the potential for a strong rebound, aim for TP3 to achieve over 17% ROI. Monitor the ATR of 1.23 for volatility adjustments.
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