Dec. 19 at 5:14 PM
Actionable Trade Alert for
$BGC:
Market Context:
$BGC is currently trading at
$8.93, showing bullish momentum with an RSI of 65.33, indicating it's nearing overbought territory but still has room for further upside. The price is above the 30-day MA of
$8.83, suggesting a positive short-term trend. However, it is slightly below the 50-day MA of
$8.98, indicating potential resistance.
Directional Bias: With the recent high of
$9.7 and low of
$8.27 over the past 60 days,
$BGC has established a range that supports further upward movement. The ATR of
$0.18 indicates moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$8.95
- Stop Loss:
$8.75 (2.24% risk)
- Take Profit Targets:
1.
$9.20 (2.79% gain)
2.
$9.50 (6.25% gain)
3.
$10.45 (17% gain)
This plan offers a solid risk-reward ratio, capitalizing on the bullish trend while managing downside risk effectively.
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