Dec. 12 at 12:50 AM
Actionable Trade Alert for
$BKE:
Market Context:
$BKE is currently trading at
$56.34, showing a stable price movement with a recent RSI of 55.64, indicating a neutral to slightly bullish momentum. The stock is above its 30-day moving average (MA30) of
$56.12 and its 50-day moving average (MA50) of
$55.78, suggesting a potential upward trend.
Directional Bias: The price is closer to the 60-day high of
$61.46, presenting a bullish bias. The ATR of 1.63 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$56.50
- Stop Loss:
$54.50 (risking
$2.00, approximately 3.5%)
- Take Profit Targets:
1. Target 1:
$58.50 (17.7% ROI)
2. Target 2:
$60.00 (25.5% ROI)
3. Target 3:
$62.00 (36.5% ROI)
This plan offers a solid risk-reward ratio with a focus on the upward potential. Monitor the price action closely and adjust as necessary.
For more insights, visit https://privateprofiteers.com.
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