Dec. 9 at 12:19 AM
$BC: The current market context shows a strong upward momentum with the last close at
$70.99, while the RSI at 75.38 indicates overbought conditions. The proximity to the 60D high of
$73.07 suggests potential resistance at this level. The MA30 and MA50 are both below the current price, indicating a bullish trend, but caution is warranted due to the high RSI.
Directional bias leans bullish but requires careful monitoring. Suggested entry is at
$70.50, with a stop loss set at
$68.00 to limit downside risk.
Take profit targets are set as follows:
1. TP1 at
$72.00 (2.12% gain)
2. TP2 at
$73.00 (2.83% gain)
3. TP3 at
$74.00 (4.29% gain)
To achieve at least 17% ROI, consider leveraging positions or increasing share size. Monitor the RSI for potential reversal signals.
Trade Plan Summary:
- Entry:
$70.50
- Stop:
$68.00
- Targets:
$72.00,
$73.00,
$74.00
Stay vigilant and adjust as needed. https://privateprofiteers.com
