Dec. 15 at 6:38 AM
Actionable Trade Alert for
$BLDR:
Market Context:
$BLDR is currently trading at
$108.48, showing a bullish trend with an RSI of 60.44, indicating potential upward momentum. The stock is above its 30-day moving average (MA30) of
$107.38, suggesting a positive short-term trend. However, it remains below the 50-day moving average (MA50) of
$113.86, indicating resistance levels ahead.
Directional Bias: The bullish bias is supported by the RSI, which is not yet overbought, and the price's proximity to the 60-day high of
$130.42. With the ATR at 4.45, there is enough volatility for potential gains.
Trade Plan:
- Suggested Entry:
$108.50
- Stop Loss:
$105.00 (3.5% below entry)
- Take Profit Targets:
1.
$113.00 (4.6% gain)
2.
$120.00 (10.6% gain)
3.
$127.00 (17.1% gain)
This plan allows for a solid risk-reward ratio while targeting a significant ROI on the third take profit.
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