Dec. 12 at 12:21 AM
Actionable Trade Alert for
$BCO:
Market Context:
$BCO is currently trading at
$121.06, near its 60D high of
$122.5, indicating a strong bullish trend. However, the RSI is at 75.77, suggesting overbought conditions, which may lead to a pullback.
Directional Bias: The price is above both the 30-day MA (112.73) and the 50-day MA (113.08), indicating bullish momentum. The high-low range shows potential for a slight retracement before further gains.
Trade Plan:
- Suggested Entry:
$119.00 (considering a potential pullback)
- Stop Loss:
$115.00 (to limit downside risk)
- Take Profit Targets:
1.
$124.00 (approx. 4.9% ROI)
2.
$126.50 (approx. 6.9% ROI)
3.
$142.00 (approx. 17.3% ROI)
This plan allows for a strategic entry while managing risk, with the potential for significant returns on the third target. Monitor price action closely for adjustments.
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