Dec. 19 at 5:08 PM
Actionable Trade Alert for
$BILL:
Market Context:
$BILL is currently trading at
$54.93, showing strong momentum with an RSI of 72.13, indicating overbought conditions. The stock is above its 30-day MA of 50.86 and 50-day MA of 50.51, suggesting bullish sentiment. The recent 60-day high is
$56.05, which serves as a key resistance level.
Directional Bias: The bullish trend is supported by the price being above both moving averages. However, the high RSI indicates caution as a pullback may occur.
Trade Plan:
- Suggested Entry:
$54.93
- Stop Loss:
$52.00 (risking approximately 5.3%)
- Take Profit Targets:
1.
$56.05 (1st target, approx. 2% gain)
2.
$57.50 (2nd target, approx. 4.8% gain)
3.
$64.50 (3rd target, approx. 17.5% gain)
This plan allows for substantial upside while managing risk effectively. Monitor closely for any signs of reversal due to the high RSI.
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