Dec. 9 at 12:43 AM
Actionable Trade Alert for
$BLKB:
Market Context:
$BLKB is currently trading at
$61.2, showing a strong position within its recent range. The 60D high is
$70.71, indicating potential upside, while the low is
$54.56, providing a solid support level.
Directional Bias: The RSI at 60.75 suggests bullish momentum, as it is approaching overbought territory but not yet there. The MA30 at
$60.08 is below the current price, indicating short-term strength, while the MA50 at
$61.52 is slightly above, suggesting some resistance.
Trade Plan:
- Suggested Entry:
$61.2
- Stop Loss:
$58.5 (approximately 4.5% risk)
- Take Profit Targets:
1.
$64.5 (5.7% gain)
2.
$67.5 (10.7% gain)
3.
$71.5 (17% gain)
This plan allows for a strong risk-reward ratio with a potential 17% ROI at the third target. Monitor price action closely for adjustments.
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