Dec. 17 at 2:17 AM
$CL Actionable Trade Alert:
Market Context: The last close is
$79.23, with an RSI of 47.14 indicating neutral momentum. The stock is currently trading above the 30-day moving average (MA30) of
$78.55 and the 50-day moving average (MA50) of
$78.25, suggesting a potential bullish bias. The 60-day high is
$81.51, providing a resistance level, while the low is
$74.55, indicating a support range.
Directional Bias: With the RSI near neutral and the price above key MAs, there is potential for upward movement, especially if it breaks through the recent high.
Trade Plan:
- Suggested Entry:
$79.50
- Stop Loss:
$77.50 (approximately 2.5% below entry)
- Take Profit Targets:
1.
$81.00 (3% gain)
2.
$82.50 (6.3% gain)
3.
$92.00 (15.9% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
