Dec. 10 at 2:47 AM
Actionable Trade Alert for
$ADSK:
Market Context:
$ADSK is currently trading at
$300.75, showing a strong position within its recent range. The RSI at 60.2 indicates bullish momentum, suggesting potential for further upside. The price is above the 30-day moving average (MA30) of
$299.54, indicating a positive short-term trend, while being below the 50-day moving average (MA50) of
$304.16, which may act as a resistance level.
Directional Bias: With the RSI above 50 and the price above the MA30, we have a bullish bias. The 60-day high of
$326.71 presents a target opportunity, while the 60-day low of
$286.32 provides a clear stop-loss reference.
Trade Plan:
- Suggested Entry:
$301.00
- Stop Loss:
$290.00 (3.6% risk)
- Take Profit Targets:
- Target 1:
$310.00 (3% gain)
- Target 2:
$320.00 (6.3% gain)
- Target 3:
$352.00 (17% gain)
This plan offers a favorable risk-reward ratio with potential for significant returns.
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