Dec. 15 at 7:14 AM
Actionable Trade Alert for
$BFAM:
Market Context:
$BFAM closed at
$100.71, showing a neutral RSI of 48.76, indicating a lack of strong momentum. The stock is trading near its 30-day moving average (MA30) of
$100.87 and above the 50-day moving average (MA50) of
$100.29, suggesting a potential bullish bias. The 60-day high of
$111.39 provides a resistance level, while the low of
$91.49 indicates a solid support zone.
Directional Bias: The proximity to MA30 and MA50, combined with the RSI indicating no overbought conditions, suggests a potential for upward movement.
Trade Plan:
- Suggested Entry:
$101.00
- Stop Loss:
$98.50 (2.5% below entry)
- Take Profit Targets:
1. Target 1:
$105.00 (4% gain)
2. Target 2:
$108.00 (6.9% gain)
3. Target 3:
$118.00 (16.9% gain)
This plan provides a clear path with a potential ROI of over 17% at Target 3.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
