Dec. 10 at 3:06 AM
$CBOE: Current market context shows a recent close at
$253.15 with an RSI of 36.53, indicating potential oversold conditions. The price is near the 30-day moving average (MA30) of
$253.13, suggesting a possible support level. The 50-day moving average (MA50) at
$247.75 further supports this, indicating a bullish trend could emerge if the price holds above these levels.
Actionable Trade Alert:
- Suggested Entry:
$253.15
- Stop Loss:
$247.00 (approximately 2.5% below entry)
- Take Profit Targets:
1.
$258.00 (Target 1, 1.5% ROI)
2.
$265.00 (Target 2, 4.7% ROI)
3.
$296.00 (Target 3, 17% ROI)
Directional bias is bullish, as the price is near support levels and the RSI indicates potential for upward movement. Monitor the high-low range, with the 60-day high at
$262.98 providing a resistance level to watch.
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