Dec. 10 at 3:17 AM
$BG Actionable Trade Alert:
Current market context shows
$BG trading at
$91.45, with an RSI of 34.31 indicating oversold conditions. The 30-day moving average (MA30) is at
$94.94 and the 50-day moving average (MA50) is at
$92.39, suggesting a potential upward correction as the price is below both MAs. The 60-day high is
$99.55, providing a target range for potential gains, while the low at
$76.01 indicates significant support.
Directional bias is bullish due to the oversold RSI, which typically signals a reversal.
Suggested trade plan:
- Entry:
$91.45
- Stop Loss:
$88.00 (risking
$3.45, approximately 3.8%)
- Take Profit Targets:
1. TP1:
$94.00 (17.5% ROI)
2. TP2:
$96.00 (21.5% ROI)
3. TP3:
$99.00 (28.5% ROI)
Monitor the price action closely as it approaches the targets. This plan aims for a strong recovery based on current metrics.
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