Dec. 9 at 12:12 AM
Actionable Trade Alert for
$BOX:
Market Context:
$BOX is currently trading at
$31.54, showing a stable price movement within the last 60 days, with a high of
$33.88 and a low of
$28.70. The RSI at 55.27 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day moving average (MA30) of
$31.11 but below the 50-day moving average (MA50) of
$31.78. This positioning indicates a potential bullish reversal if it breaks above the MA50. The ATR of 1.12 suggests moderate volatility, allowing for reasonable price movement.
Suggested Trade Plan:
- Entry:
$31.60 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$30.50 (to limit risk)
- Take Profit Targets:
- Target 1:
$32.50 (approx. 2.8% ROI)
- Target 2:
$33.00 (approx. 4.6% ROI)
- Target 3:
$36.90 (approx. 17% ROI)
Monitor price action closely for any signs of reversal.
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