Dec. 6 at 1:29 AM
Actionable Trade Alert for
$BMY:
Market Context:
$BMY is currently trading at
$51.95, showing strength as it approaches its 60D high of
$52.08. The RSI at 64.04 indicates bullish momentum, but it is nearing overbought territory. The MA30 and MA50 are both below the current price, suggesting a strong upward trend.
Directional Bias: The price is above both the MA30 (46.91) and MA50 (45.92), reinforcing a bullish sentiment. The recent high-low range indicates potential for further upside, with a clear resistance at
$52.08.
Trade Plan:
- Suggested Entry:
$51.95
- Stop Loss:
$49.50 (approx. 4.7% below entry)
- Take Profit Targets:
1.
$53.00 (2.0% gain)
2.
$54.00 (3.5% gain)
3.
$60.00 (15.6% gain)
The third target provides a potential ROI of over 17%. Monitor the trade closely, especially around resistance levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
