Dec. 10 at 4:07 AM
Actionable Trade Alert for
$BTSG:
Market Context:
$BTSG is currently trading at
$35.43, positioned near its 60-day high of
$36.77. The RSI at 71.32 indicates overbought conditions, suggesting potential for a pullback. However, the stock's strong performance could lead to a continuation if momentum persists.
Directional Bias: Given the RSI and proximity to the 60D high, we anticipate a short-term pullback followed by a potential breakout. The MA30 at
$33.88 and MA50 at
$32.44 provide support levels that can be leveraged for entry.
Trade Plan:
- Suggested Entry:
$35.00 (considering a slight pullback)
- Stop Loss:
$33.50 (below MA30 for safety)
- Take Profit Targets:
1.
$36.00 (approx. 2.86% ROI)
2.
$37.00 (approx. 5.56% ROI)
3.
$41.50 (approx. 17.18% ROI)
Monitor price action closely, especially around key levels. Adjust stop loss to protect gains as targets are hit.
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