Dec. 6 at 1:25 AM
Actionable Trade Alert for
$BSX:
Market Context:
$BSX is currently trading at
$97.72, near the lower end of its 60-day range (
$90.69 -
$105.72). The RSI at 29.86 indicates oversold conditions, suggesting a potential reversal.
Directional Bias: Given the oversold RSI and proximity to the 60D low, there is a bullish bias. However, the price is below both the 30-day MA (100.29) and 50-day MA (99.23), indicating a bearish trend in the short term. A reversal could provide a profitable opportunity.
Trade Plan:
- Suggested Entry:
$98.00
- Stop Loss:
$95.50 (1.5% below entry)
- Take Profit Targets:
1. TP1:
$102.00 (4.08% ROI)
2. TP2:
$105.00 (7.14% ROI)
3. TP3:
$114.00 (16.67% ROI)
With a potential 17% ROI on TP3, this trade presents a favorable risk-reward scenario. Monitor the price action closely for confirmation of the reversal.
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