Nov. 13 at 2:09 AM
$BROS trade plan:
Market Context:
$BROS is currently trading at
$56.01, showing a neutral trend as indicated by the RSI of 46.6, which suggests it is neither overbought nor oversold. The price is above the 30-day moving average (MA30) of 54.15 but below the 50-day moving average (MA50) of 56.64, indicating potential resistance at this level.
Directional Bias: The price is within the 60-day high of 74.65 and low of 47.16, suggesting a range-bound scenario. The proximity to the MA50 indicates a possible reversal or continuation of the trend.
Suggested Entry: Consider entering a long position above
$56.64 (MA50) to confirm bullish momentum.
Stop: Set a stop loss at
$54.00 to manage risk.
Targets: First target at
$60.00 (psychological level) and second target at
$62.50 (previous resistance).
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