Dec. 8 at 10:41 PM
Actionable Trade Alert for
$CBRE:
Market Context:
$CBRE closed at
$157.8, showing bullish momentum but with an RSI of 67.83, indicating it’s nearing overbought territory. The stock is currently above its MA30 (155.58) and MA50 (156.03), suggesting a positive short-term trend. The 60D high is at
$171.0, providing a potential resistance level.
Directional Bias: Given the current price action and the proximity to the 60D high, we anticipate upward movement but recommend caution due to the RSI level.
Trade Plan:
- Suggested Entry:
$158.5
- Stop Loss:
$154.5 (approximately 2% below entry)
- Take Profit Targets:
1. Target 1:
$162.0 (2.6% gain)
2. Target 2:
$167.0 (5.8% gain)
3. Target 3:
$185.0 (17.3% gain)
This plan offers a favorable risk-reward ratio, aiming for an ROI of over 17% on the third target. Monitor the RSI and price action closely.
https://privateprofiteers.com