Dec. 17 at 2:47 AM
Actionable Trade Alert for
$CDW
Market Context:
$CDW closed at
$145.02, showing a stable position within its recent trading range. The RSI at 55.57 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement. The price is above the 30-day moving average (MA30) of
$143.88 but below the 50-day moving average (MA50) of
$148.09, indicating mixed signals but leaning towards bullish momentum.
Directional Bias: Given the current RSI and position relative to MAs, we anticipate a bullish trend towards the recent 60-day high of
$167.00.
Trade Plan:
- Suggested Entry:
$145.50
- Stop Loss:
$141.50 (3% below entry)
- Take Profit Targets:
- Target 1:
$150.00 (3% gain)
- Target 2:
$155.00 (6.5% gain)
- Target 3:
$170.00 (17% gain)
This trade plan provides a favorable risk-reward ratio with potential for significant ROI. Monitor price action closely around the stop loss to manage risk effectively.
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