Dec. 9 at 12:48 AM
Actionable Trade Alert for
$CENX:
Market Context:
$CENX is currently trading at
$30.97, showing a strong bullish trend. The RSI at 65.74 indicates that the stock is approaching overbought territory, but it still has room for upward movement. The price is above both the 30-day MA (29.33) and the 50-day MA (29.9), confirming a bullish sentiment.
Directional Bias: The recent high of
$34.52 suggests potential upside, while the 60-day low of
$25.4 provides a solid support base. The ATR of 1.29 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$31.00
- Stop Loss:
$28.50 (approx. 8% below entry)
- Take Profit Targets:
- Target 1:
$33.00 (6.5% gain)
- Target 2:
$34.00 (9.7% gain)
- Target 3:
$36.25 (17% gain)
This plan targets a minimum of 17% ROI on the third target, capitalizing on the bullish momentum while managing risk effectively.
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