Nov. 15 at 1:30 AM
$BL is currently trading at
$55.44, showing a bullish market context given the RSI of 61.5, which indicates momentum but is not overbought. The price is above both the 30-day MA (53.38) and the 50-day MA (53.51), suggesting a positive short to medium-term trend. The recent 60-day high at
$59.01 provides a key resistance level, while the 60-day low at
$48.74 sets a clear support range.
Directional bias is bullish due to the price action above the moving averages and the healthy RSI. Suggested entry is at
$55.50, just above the last close, to confirm upward momentum. A stop loss should be placed at
$53.00 to manage risk effectively.
Targets can be set at
$57.50 (near the previous resistance) and
$59.00 (60D high) to capitalize on potential gains while maintaining a favorable risk-reward ratio.
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