Dec. 10 at 4:01 AM
Actionable Trade Alert for
$CHDN:
Market Context:
$CHDN is currently trading at
$114.0, showing strong momentum with an RSI of 82.15, indicating it is overbought. However, it remains near the 60D high of
$114.86, suggesting potential for upward movement if momentum continues.
Directional Bias: The bullish trend is supported by the MA30 at
$104.13 and MA50 at
$100.1, both indicating a strong upward trajectory. The RSI being above 70 suggests caution, but the proximity to the 60D high could lead to a breakout.
Trade Plan:
- Suggested Entry:
$114.0
- Stop Loss:
$111.5 (2.2% below entry)
- Take Profit Targets:
1.
$116.0 (1.75% gain)
2.
$118.0 (3.5% gain)
3.
$134.0 (17.5% gain)
This plan aims for a minimum 17% ROI on the third target, capitalizing on the current momentum while managing risk effectively.
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