Dec. 11 at 11:03 PM
Actionable Trade Alert for
$CHTR:
Market Context:
$CHTR closed at
$210.85, showing a strong upward momentum but is currently overbought with an RSI of 71.23. The price is above the 30-day moving average (MA30) of
$207.97, indicating bullish sentiment. However, the 50-day moving average (MA50) of
$228.36 suggests potential resistance ahead.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$285.82, a pullback could occur. However, the overall trend remains bullish, supported by the recent price action.
Trade Plan:
- Suggested Entry:
$210.85
- Stop Loss:
$204.84 (below MA30, approximately 3% risk)
- Take Profit Targets:
1.
$220.00 (4.9% ROI)
2.
$240.00 (13.8% ROI)
3.
$247.00 (17.1% ROI)
Monitor for a potential pullback before entry. Adjust targets based on market conditions.
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