Dec. 19 at 3:51 PM
Actionable Trade Alert for
$COHR:
Market Context:
$COHR is currently trading at
$175.71, showing strength as it approaches its 60-day high of
$200.19. The RSI at 58.26 indicates bullish momentum, suggesting potential for further upside.
Directional Bias: The price is above the 30-day moving average (MA30) of
$163.33 and the 50-day moving average (MA50) of
$147.5, reinforcing a bullish outlook. With the recent price action near the high of the 60-day range, there is a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$176.50
- Stop Loss:
$169.00 (approx. 4.3% risk)
- Take Profit Targets:
1.
$185.00 (5.6% gain)
2.
$192.00 (8.7% gain)
3.
$205.00 (16.7% gain)
With a potential ROI of over 17% on the third target, this trade presents a solid opportunity. Monitor the position closely and adjust as necessary.
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