Dec. 6 at 3:31 AM
Actionable Trade Alert for
$CDP:
Market Context:
$CDP is currently trading at
$29.55, showing a bullish sentiment as it approaches its 60-day high of
$31.24. The RSI at 59.47 indicates that the stock is not overbought yet, suggesting potential for further upside. The moving averages (MA30 at
$29.15 and MA50 at
$28.88) support a bullish trend, with the price above both MAs.
Directional Bias: The stock is in a positive trend, with the recent price action above the MAs and the RSI indicating strength without being overextended.
Trade Plan:
- Suggested Entry:
$29.60
- Stop Loss:
$28.80 (1.5% below entry)
- Take Profit Targets:
1.
$30.50 (3.0% gain)
2.
$31.00 (5.0% gain)
3.
$34.60 (17% gain)
This plan provides a solid risk-reward ratio with a clear path to achieving over 17% ROI on the third target.
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