Nov. 14 at 4:58 AM
$BRC: The current market context shows a last close of
$75.25, with an RSI of 26.83 indicating oversold conditions. This suggests potential for a bullish reversal. The 30-day moving average (MA30) is at
$75.77 and the 50-day moving average (MA50) is at
$77.13, both indicating resistance levels above the current price. The 60-day high is
$84.03, providing a target for upward movement, while the 60-day low of
$71.08 indicates a support level.
Directional bias is bullish due to the oversold RSI, despite being below both moving averages.
Suggested entry:
$75.50, slightly above the last close to confirm upward momentum.
Stop loss:
$74.00, just below the recent low to manage risk.
Targets:
$78.00 (first target, near MA50) and
$82.00 (second target, closer to the 60D high).
Monitor for price action around key levels.
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