Dec. 6 at 3:14 AM
$CNR Actionable Trade Alert:
Market Context:
$CNR is currently trading at
$84.04, showing a neutral RSI at 53.35, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$81.02 but slightly below the 50-day moving average (MA50) of
$84.66, suggesting potential upward momentum.
Directional Bias: Given the proximity to the 60-day high of
$102.93 and the recent price action, there is a bullish sentiment that could capitalize on a breakout.
Trade Plan:
- Suggested Entry:
$84.50 (above current close to confirm upward movement)
- Stop Loss:
$80.50 (below MA30 for risk management)
- Take Profit Targets:
- Target 1:
$90.00 (6.5% ROI)
- Target 2:
$95.00 (12.9% ROI)
- Target 3:
$98.50 (17.2% ROI)
This plan allows for a solid risk-reward ratio while targeting significant resistance levels. Monitor the trade closely for any changes in market conditions.
https://privateprofiteers.com
