Dec. 11 at 11:04 PM
Actionable Trade Alert for
$CINF:
Market Context:
$CINF is currently trading at
$165.87, showing a moderate bullish sentiment as indicated by an RSI of 56.51. The stock is above its 30-day moving average (MA30) of
$163.03 and 50-day moving average (MA50) of
$160.99, suggesting upward momentum. The recent 60-day high of
$169.86 provides a resistance level, while the low of
$150.00 indicates strong support.
Directional Bias: The bullish trend is supported by the RSI being above 50, and the price is trending above the moving averages, indicating potential for further gains.
Trade Plan:
- Suggested Entry:
$166.50
- Stop Loss:
$162.00 (risking
$4.50)
- Take Profit Targets:
1.
$169.00 (1st target, 1.5% gain)
2.
$171.50 (2nd target, 3.5% gain)
3.
$194.00 (3rd target, 16.9% gain)
This plan aims for a minimum ROI of 17% on the third take profit target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
