Nov. 15 at 9:45 AM
Trade Plan for
$BILL:
Market Context:
$BILL is currently trading at
$50.35, within a 60-day range of
$40.42 (low) to
$55.56 (high). The recent close is below both the 30-day moving average (MA30) of
$49.81 and the 50-day moving average (MA50) of
$50.93, indicating potential bearish sentiment.
Directional Bias: The RSI at 48.79 suggests that the stock is neither overbought nor oversold, providing a neutral stance. However, the price is below both MAs, which could signal a further decline or consolidation before any upward movement.
Suggested Entry: Consider entering a short position if the price breaks below
$50.00.
Stop: Place a stop-loss at
$51.00 to limit potential losses.
Targets: Set the first target at
$48.00, aligning with potential support levels, and a second target at
$45.00, near the lower end of the recent range.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
