Dec. 25 at 1:29 PM
Actionable Trade Alert for
$CMCSA:
Market Context:
$CMCSA is currently trading at
$29.78, near the upper end of its 60-day range (
$25.75 -
$31.37). The RSI of 69.08 indicates that the stock is approaching overbought territory, suggesting potential for a pullback or consolidation.
Directional Bias: The stock is above both the 30-day MA (27.77) and the 50-day MA (28.06), indicating a bullish trend. However, the high RSI suggests caution as it may lead to a short-term correction.
Trade Plan:
- Suggested Entry: Buy at
$29.78
- Stop Loss: Set at
$28.50 (approximately 4.3% below entry)
- Take Profit Targets:
1. Target 1:
$30.50 (2.4% gain)
2. Target 2:
$31.00 (7.4% gain)
3. Target 3:
$34.80 (17% gain)
This plan allows for a strategic approach with a defined risk-reward ratio, aiming for substantial returns while managing downside risk.
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