Dec. 6 at 1:32 AM
Actionable Trade Alert for
$BK:
Market Context:
$BK closed at
$113.95, showing bullish momentum as it is near the 60D high of
$114.43. The RSI of 60.25 indicates a strong upward trend, but not yet overbought, suggesting room for further gains. The MA30 (109.3) and MA50 (108.49) are both below the current price, reinforcing a bullish sentiment.
Directional Bias: The price is trending upwards, supported by the moving averages. The recent high-low range (60D High:
$114.43, 60D Low:
$103.11) indicates potential for continued upward movement.
Trade Plan:
- Suggested Entry:
$114.00
- Stop Loss:
$111.00 (risking
$3.00)
- Take Profit Targets:
1.
$116.00 (17.6% ROI)
2.
$118.00 (24.6% ROI)
3.
$120.00 (30.5% ROI)
This plan offers a favorable risk-reward ratio while capitalizing on the bullish trend. Monitor closely for market changes.
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