Jul. 18 at 4:02 PM
$BHLB
The stock has broken out above a resistance level around
$25.81 with increased volume, indicating strong buying interest.
Trade Plan for 2-3 Days:
Entry:
Consider entering around the current price of
$27.29, or on a slight pullback to the breakout level near
$25.81 to
$26.00 for a better risk-reward ratio.
Stop Loss:
Place a stop loss below the recent support level, around
$25.00. This level has been a resistance in the past and should act as support now.
Target:
Short-term Target 1:
$29.00 - This is a conservative target based on the momentum and recent price action.
Short-term Target 2:
$30.50 - A more aggressive target considering the strength of the breakout and increased volume.