Dec. 19 at 5:26 PM
$BRC Actionable Trade Alert:
Market Context:
$BRC is currently trading at
$82.09, near its 60-day high of
$82.5, indicating strong upward momentum. However, the RSI of 69.74 suggests it is approaching overbought territory, which may lead to a pullback.
Directional Bias: The price is above both the 30-day MA (77.87) and 50-day MA (77.09), indicating a bullish trend. The proximity to the 60-day high suggests potential resistance, but the overall trend remains positive.
Trade Plan:
- Suggested Entry:
$81.50 (slightly below current price to allow for a potential pullback)
- Stop Loss:
$79.50 (risking
$2.00 or about 2.4%)
- Take Profit Targets:
1.
$84.00 (Target 1: 3.0% ROI)
2.
$86.00 (Target 2: 4.6% ROI)
3.
$96.00 (Target 3: 17% ROI)
This setup aims for a solid risk-reward ratio while capitalizing on the bullish trend. Monitor closely for price action near the entry point.
https://privateprofiteers.com