Dec. 6 at 1:24 AM
Actionable Trade Alert for
$BX:
Market Context:
$BX is currently trading at
$151.39, showing strong momentum but is overbought with an RSI of 73.68. The stock is above its 30-day moving average (MA30) of 145.38 but below its 50-day moving average (MA50) of 153.1, indicating mixed signals. The recent high of
$190.09 and low of
$135.44 suggests a volatile range.
Directional Bias: Given the high RSI, there may be a pullback soon, but the proximity to the 60D high indicates potential for upward movement if momentum continues.
Trade Plan:
- Suggested Entry:
$151.39
- Stop Loss:
$145.00 (approximately 4.5% below entry)
- Take Profit Targets:
- Target 1:
$160.00 (5.7% ROI)
- Target 2:
$175.00 (15.6% ROI)
- Target 3:
$177.00 (17% ROI)
Monitor the stock closely for signs of reversal or continuation. Adjust stop loss to protect profits as targets are hit.
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