Nov. 14 at 4:33 AM
$BKH: The current market context shows a last close of
$70.3, which is near the 60-day high of
$72.22, indicating potential resistance. The RSI at 65.52 suggests that the stock is nearing overbought territory, which could lead to a pullback. The 30-day moving average (MA30) at
$64.62 and the 50-day moving average (MA50) at
$62.58 indicate a bullish trend, as the price is above both. However, the proximity to the high and the elevated RSI suggest caution.
Directional bias is slightly bullish but tempered by the risk of a pullback. Suggested entry is around
$69.50 to capture potential upward movement while managing risk. Set a stop loss at
$68.00 to limit downside exposure. Targets are
$72.00 (first target) and
$73.50 (second target) to capitalize on the upward momentum while being mindful of the resistance at the 60-day high.
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