Dec. 8 at 10:41 PM
Actionable Trade Alert for
$BKR:
Market Context:
$BKR is currently trading at
$47.65, showing a neutral RSI of 48.52, indicating potential for upward movement as it is neither overbought nor oversold. The stock is near its 60D low of
$43.92, suggesting a possible rebound.
Directional Bias: The price is above the MA50 (47.99) but below the MA30 (48.52), indicating a consolidation phase. The proximity to the 60D high of
$51.12 provides a bullish outlook if momentum builds.
Trade Plan:
- Suggested Entry:
$47.70 (slightly above the last close to confirm upward movement)
- Stop Loss:
$46.00 (to limit risk)
- Take Profit Targets:
1. Target 1:
$49.00 (approx. 2.73% ROI)
2. Target 2:
$50.00 (approx. 6.93% ROI)
3. Target 3:
$55.75 (approx. 16.94% ROI)
This plan provides a clear risk-reward ratio, with the potential for significant returns if the stock reaches the third target.
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