Dec. 17 at 4:20 AM
Actionable Trade Alert for
$BKU:
Market Context:
$BKU is currently trading at
$45.56, showing strong momentum but is overbought with an RSI of 72.26. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, indicating bullish sentiment. However, the high of
$46.92 in the last 60 days suggests potential resistance.
Directional Bias: Given the high RSI, the stock may face short-term pullbacks, but the overall trend remains bullish due to the positioning above MA30 and MA50.
Trade Plan:
- Suggested Entry:
$45.56
- Stop Loss:
$43.50 (approximately 4.5% below entry)
- Take Profit Targets:
1. Target 1:
$47.00 (3.2% gain)
2. Target 2:
$48.00 (5.2% gain)
3. Target 3:
$53.30 (17.0% gain)
With this plan, we aim for a minimum of 17% ROI on the third target while managing risk effectively. Monitor for any signs of reversal as we approach resistance levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
