Dec. 17 at 2:15 AM
$CI: Current market context shows a close at
$276.37, with an RSI of 47.17 indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$269.75 but below the 50-day moving average (MA50) of
$279.83, suggesting a potential upward correction. The 60-day high of
$315.47 presents a significant resistance level, while the 60-day low of
$239.51 indicates strong support.
Directional bias leans bullish due to proximity to MA30 and potential for a rebound towards MA50.
Actionable Trade Plan:
- Suggested Entry:
$278.00 (slightly above the last close)
- Stop Loss:
$270.00 (below MA30)
- Take Profit Targets:
1.
$290.00 (4.2% ROI)
2.
$300.00 (7.9% ROI)
3.
$324.00 (17.2% ROI)
This plan allows for a favorable risk-reward ratio while targeting significant price levels. Monitor closely for market changes.
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