Dec. 5 at 11:23 PM
Actionable Trade Alert for
$BCC:
Market Context:
$BCC is currently trading at
$74.26, showing strength with an RSI of 62.83, indicating it's nearing overbought territory but still has room for upward movement. The price is above the 30-day MA of 71.34 and the 50-day MA of 72.57, suggesting a bullish trend.
Directional Bias: The recent price action is positive, and with the 60-day high at
$89.06, there's potential for further gains. The ATR of 2.45 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$74.50
- Stop Loss:
$71.50 (risking
$3.00)
- Take Profit Targets:
1.
$79.00 (Target 1: 6.7% ROI)
2.
$83.00 (Target 2: 11.8% ROI)
3.
$87.00 (Target 3: 17.1% ROI)
With a clear upward bias and strong technical indicators, this trade presents a solid opportunity for profit.
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