Dec. 10 at 4:18 AM
Actionable Trade Alert for
$CHRD:
Market Context:
$CHRD is currently trading at
$98.5, showing strong bullish momentum but with an RSI of 68.43, indicating it may be nearing overbought territory. The recent price action is above both the 30-day MA (91.74) and the 50-day MA (92.65), suggesting a bullish trend.
Directional Bias: The price is approaching the 60-day high of
$107.09, indicating potential resistance. However, the strong upward momentum could push the price higher.
Trade Plan:
- Suggested Entry:
$98.5
- Stop Loss:
$95.75 (approximately 2.5% below entry)
- Take Profit Targets:
1.
$102.00 (Target 1 - 3.8% ROI)
2.
$105.00 (Target 2 - 6.4% ROI)
3.
$115.00 (Target 3 - 16.8% ROI)
Target 3 aligns with a 17% ROI, providing a favorable risk-reward ratio. Monitor RSI for potential signs of reversal near targets.
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