Nov. 14 at 5:17 AM
$BCC: The current market context shows a last close at
$69.18, with an RSI of 35.95 indicating that the stock is in oversold territory, suggesting a potential reversal. The price is below the 30-day moving average (MA30) of
$71.87 and the 50-day moving average (MA50) of
$75.79, indicating bearish momentum. The 60-day high of
$91.57 and low of
$65.62 suggests a trading range that could provide support around
$65.62.
Directional bias leans towards a potential short-term rebound given the oversold RSI. Suggested entry is at
$69.50, with a stop loss at
$67.50 to limit risk. Target 1 is set at
$72.00, aligning with the MA30, while Target 2 is at
$75.00, near the MA50. This plan allows for capturing a bounce while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
