Dec. 11 at 11:26 PM
$CF Actionable Trade Alert:
Market Context:
$CF is currently trading at
$79.23, showing a moderate RSI of 55.48, indicating a neutral to slightly bullish sentiment. The stock is below both the 30-day MA (80.63) and the 50-day MA (83.19), suggesting potential resistance levels ahead. The 60-day high of
$93.08 provides an upside target, while the low of
$75.42 indicates support.
Directional Bias: Given the RSI is above 50 but below 60, there is potential for upward movement. However, the proximity to the moving averages suggests caution. The ATR of 1.78 indicates moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$79.50 (above the last close)
- Stop Loss:
$76.50 (3.4% below entry)
- Take Profit Targets:
- TP1:
$83.00 (4.5% gain)
- TP2:
$87.00 (9.3% gain)
- TP3:
$93.00 (17.0% gain)
This trade plan allows for a structured approach with a clear risk-reward ratio.
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