Dec. 15 at 7:32 AM
Actionable Trade Alert for
$CALM:
Market Context:
$CALM closed at
$86.89, showing stability within the recent trading range. The RSI at 51.79 indicates neutral momentum, suggesting potential for upward movement.
Directional Bias: The current price is above the 30-day moving average (MA30) of
$86.75, indicating short-term bullish sentiment. However, it remains below the 50-day moving average (MA50) of
$88.56, which could act as resistance. The 60-day high of
$104.81 and low of
$80.91 suggest a range-bound market, with room for upside.
Trade Plan:
- Suggested Entry:
$87.00
- Stop Loss:
$84.50 (3% below entry)
- Take Profit Targets:
1. Target 1:
$90.00 (3.4% gain)
2. Target 2:
$93.00 (6.9% gain)
3. Target 3:
$102.00 (17.2% gain)
This trade plan offers a risk-reward ratio favorable for capturing upward momentum while managing risk effectively.
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