Dec. 15 at 6:17 AM
Actionable Trade Alert for
$CHD:
Market Context:
$CHD is currently trading at
$84.61, showing a neutral RSI of 52.41, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$92.1 and low of
$81.33, suggesting potential for upward movement.
Directional Bias: The recent price is above the 30-day moving average (MA30) of
$84.45 but below the 50-day moving average (MA50) of
$85.41. This positioning, along with the RSI, indicates a possible bullish reversal if it can break above the MA50.
Trade Plan:
- Suggested Entry:
$85.00 (breakout above MA50)
- Stop Loss:
$82.50 (below recent support)
- Take Profit Targets:
1.
$88.00 (1st target, approx. 3.5% gain)
2.
$90.00 (2nd target, approx. 5.7% gain)
3.
$99.00 (3rd target, approx. 17% gain)
This plan offers a favorable risk-reward ratio, with a potential ROI of over 17% on the third target.
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