Dec. 17 at 3:24 AM
$CFR: Current market context shows a strong bullish sentiment with the last close at
$128.65, and an RSI of 65.03 indicating overbought conditions. However, the price is above the 30-day MA of
$124.64 and the 50-day MA of
$124.70, suggesting a strong upward trend. The 60-day high of
$131.54 presents a potential resistance level.
Actionable Trade Alert:
- Suggested Entry:
$128.70 (slightly above last close)
- Stop Loss:
$126.00 (below recent support)
- Take Profit Targets:
- TP1:
$131.00 (2% gain)
- TP2:
$133.50 (3.3% gain)
- TP3:
$150.00 (16.5% gain)
With a target of
$150.00, this trade offers a potential ROI of over 17%. The bullish trend, combined with the proximity to the 60D high, supports a favorable risk-reward ratio. Monitor price action closely for any signs of reversal.
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