Dec. 10 at 3:59 AM
Actionable Trade Alert for
$CBSH:
Market Context:
$CBSH closed at
$52.08, showing a strong upward trend with an RSI of 64.95, indicating bullish momentum but approaching overbought territory. The price is above the 30-day MA of
$51.05 and slightly below the 50-day MA of
$52.15, suggesting potential resistance at this level.
Directional Bias: The current price is near the 60-day high of
$57.44, indicating a bullish sentiment. However, the RSI suggests caution as it nears overbought conditions.
Trade Plan:
- Suggested Entry:
$52.10
- Stop Loss:
$50.50 (3.06% below entry)
- Take Profit Targets:
1.
$54.00 (Target 1: 3.65% ROI)
2.
$56.00 (Target 2: 7.28% ROI)
3.
$61.00 (Target 3: 17.16% ROI)
This plan offers a favorable risk-reward ratio, with a potential 17%+ ROI on the third target. Monitor the price action closely around the MA levels for adjustments.
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