Dec. 19 at 3:18 PM
Actionable Trade Alert for
$BX:
Market Context:
$BX is currently trading at
$153.73, showing a strong upward trend. The RSI at 66.77 indicates it is approaching overbought territory, suggesting a potential pullback, but still has room for upward movement. The MA30 at 146.72 and MA50 at 149.81 provide solid support levels.
Directional Bias: The price is above both the MA30 and MA50, indicating bullish momentum. The recent high of
$178.29 offers a significant upside potential, while the low of
$135.44 sets a clear range for risk management.
Trade Plan:
- Suggested Entry:
$154.00
- Stop Loss:
$150.00 (risking
$4.00)
- Take Profit Targets:
1.
$160.00 (Target 1: 3.9% ROI)
2.
$170.00 (Target 2: 10.5% ROI)
3.
$180.00 (Target 3: 17.1% ROI)
This trade plan allows for a solid risk-reward ratio while capitalizing on the bullish trend.
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