Dec. 6 at 1:26 AM
Actionable Trade Alert for
$COF:
Market Context:
$COF is currently trading at
$229.71, near its 60D high of
$230.96. The RSI of 63.8 indicates that the stock is approaching overbought territory but still has room for upward movement. The MA30 and MA50 are both below the current price, suggesting a bullish trend.
Directional Bias: The stock shows a strong upward momentum, supported by the proximity to its recent high and the positive alignment of moving averages. The ATR of 5.98 indicates moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$230.00
- Stop Loss:
$224.00 (approximately 2.6% below entry)
- Take Profit Targets:
1.
$235.00 (2.17% ROI)
2.
$240.00 (4.35% ROI)
3.
$270.00 (17.5% ROI)
With a well-structured plan, the potential for significant returns exists while managing risk effectively.
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