Dec. 6 at 3:22 AM
Actionable Trade Alert for
$EBC:
Market Context:
$EBC is currently trading at
$18.91, showing bullish momentum but is nearing overbought territory with an RSI of 68.3. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, indicating strong upward momentum. The recent 60-day high of
$19.31 suggests potential resistance ahead.
Directional Bias: Given the current RSI and the proximity to the 60D high, we anticipate a short-term bullish trend, but caution is warranted as the RSI indicates potential overbought conditions.
Trade Plan:
- Suggested Entry:
$18.91
- Stop Loss:
$18.30 (3.2% below entry)
- Take Profit Targets:
1. Target 1:
$19.10 (1.0% gain)
2. Target 2:
$19.20 (1.5% gain)
3. Target 3:
$19.40 (2.6% gain, 17.5% ROI)
Monitor price action closely around the 60D high, and adjust targets if necessary.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
