Dec. 11 at 11:34 PM
Actionable Trade Alert for
$CLH:
Market Context:
$CLH is currently trading at
$241.11, showing strong bullish momentum with an RSI of 84.92, indicating overbought conditions. However, the price is well above the 30-day MA of
$219.12 and the 50-day MA of
$225.68, suggesting potential for a pullback.
Directional Bias: Despite the overbought RSI, the price is approaching the 60-day high of
$248.07, which could act as a resistance level. The bullish trend remains intact, but caution is advised due to the high RSI.
Trade Plan:
- Suggested Entry:
$241.11
- Stop Loss:
$234.00 (below recent support levels)
- Take Profit Targets:
1.
$245.00 (1.6% ROI)
2.
$250.00 (3.7% ROI)
3.
$282.00 (17% ROI)
Monitor price action closely; if it shows signs of weakness, consider adjusting the stop loss.
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