Dec. 19 at 3:22 PM
Actionable Trade Alert for
$CEG:
Market Context:
$CEG closed at
$361.05, currently showing a neutral RSI at 48.79, indicating indecision in the market. The price is above the 30-day moving average (MA30) of
$354.86 but below the 50-day moving average (MA50) of
$364.59, suggesting potential upward momentum if it breaks resistance.
Directional Bias: Given the proximity to the MA30 and MA50, combined with the recent high of
$412.7, there is a bullish bias if
$CEG can sustain above
$364.59.
Trade Plan:
- Suggested Entry:
$362.00 (break above MA30)
- Stop Loss:
$346.00 (below recent support)
- Take Profit Targets:
1.
$375.00 (3.6% gain)
2.
$390.00 (7.9% gain)
3.
$423.00 (17.2% gain)
This plan offers a solid risk-reward ratio with a potential ROI exceeding 17% on the third target.
For more insights, visit https://privateprofiteers.com.
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