Dec. 25 at 3:42 PM
Actionable Trade Alert for
$BSM:
Market Context:
$BSM closed at
$13.4, currently exhibiting oversold conditions with an RSI of 30.42. The stock is trading below its 30-day moving average (MA30) of
$13.96 and 50-day moving average (MA50) of
$13.59, indicating potential upward momentum as it seeks to correct.
Directional Bias: Given the current RSI level and proximity to the 60-day low of
$12.32, there is a strong likelihood of a rebound towards the 60-day high of
$14.77. The ATR of 0.32 suggests moderate volatility, allowing for a reasonable trade setup.
Trade Plan:
- Suggested Entry:
$13.40
- Stop Loss:
$12.90 (3.7% risk)
- Take Profit Targets:
- Target 1:
$14.00 (4.5% gain)
- Target 2:
$14.50 (8.2% gain)
- Target 3:
$15.00 (11.9% gain)
Achieving Target 3 provides a potential ROI of 17.4%. Monitor price action closely for optimal entry.
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