Dec. 11 at 11:30 PM
Actionable Trade Alert for
$CNA:
Market Context:
$CNA is currently trading at
$46.48, showing a stable price action with an RSI of 52.13, indicating neutral momentum. The stock is positioned above its 30-day MA of
$45.58 and 50-day MA of
$45.70, suggesting a bullish trend. The recent high of
$47.35 indicates potential upward movement, while the low of
$43.74 provides a solid support level.
Directional Bias: Given the current RSI and the position relative to MAs, we maintain a bullish bias. The stock is trading close to its 60-day high, which may attract buyers.
Trade Plan:
- Suggested Entry:
$46.50
- Stop Loss:
$45.50 (1.5% below entry)
- Take Profit Targets:
1.
$47.00 (1.08% gain)
2.
$48.00 (3.22% gain)
3.
$54.50 (17.30% gain)
This plan allows for a favorable risk-reward ratio with a potential ROI of over 17% on the third target.
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