Dec. 25 at 1:43 PM
Actionable Trade Alert for
$AXON:
Market Context:
$AXON is currently trading at
$591.15, positioned between its 60-day high of
$764.02 and low of
$508.72. The RSI at 64.44 indicates a bullish momentum but approaching overbought territory, suggesting caution.
Directional Bias: The price is above the 30-day moving average (MA30) of 552.8, indicating a strong upward trend. However, it is below the 50-day moving average (MA50) of 604.92, suggesting potential resistance ahead.
Trade Plan:
- Suggested Entry:
$591.15
- Stop Loss:
$570.00 (3.6% below entry)
- Take Profit Targets:
1.
$620.00 (4.9% gain)
2.
$650.00 (9.9% gain)
3.
$692.00 (17.0% gain)
This plan allows for a structured approach to capitalize on upward momentum while managing risk effectively.
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