Dec. 25 at 2:44 PM
Actionable Trade Alert for
$BPOP:
Market Context:
$BPOP is currently trading at
$125.95, showing strong momentum with an RSI of 80.5, indicating overbought conditions. The stock is above its 30-day MA of
$117.97 and 50-day MA of
$116.4, suggesting bullish sentiment. However, the high RSI warns of potential pullbacks.
Directional Bias: Given the high RSI and proximity to the 60D high of
$128.96, caution is advised. A reversal may occur, but if momentum continues, we can capitalize on potential gains.
Trade Plan:
- Suggested Entry:
$126.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$123.00 (below recent support)
- Take Profit Targets:
1.
$128.00 (1.2% gain)
2.
$130.00 (2.4% gain)
3.
$147.00 (16.6% gain)
This plan provides a clear structure for trading
$BPOP, balancing potential gains with risk management.
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