Dec. 12 at 12:23 AM
Actionable Trade Alert for
$BBWI:
Market Context:
$BBWI is currently trading at
$19.95, with a high RSI of 74.45 indicating overbought conditions. The stock is above its 30-day MA of
$20.34 and 50-day MA of
$22.61, suggesting a bullish trend, but the high RSI may signal a potential pullback.
Directional Bias: The stock has a 60-day high of
$27.4 and a low of
$14.28, indicating significant volatility. Given the current price is closer to the high, a short-term pullback could occur before any further upward movement.
Trade Plan:
- Suggested Entry:
$19.95
- Stop Loss:
$18.50 (7.3% below entry)
- Take Profit Targets:
- Target 1:
$22.00 (10.3% ROI)
- Target 2:
$24.00 (20.6% ROI)
- Target 3:
$23.40 (17.5% ROI)
Monitor the stock closely, especially given the high RSI, and adjust targets as needed.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
