Dec. 6 at 2:41 AM
Actionable Trade Alert for
$COLB:
Market Context:
$COLB is currently trading at
$28.28, showing bullish momentum with an RSI of 61.24, indicating potential for further upside. The stock is above its 30-day MA of
$26.87 and 50-day MA of
$26.39, signaling a strong upward trend. The 60-day high of
$28.77 suggests resistance, while the low of
$23.83 provides a solid support level.
Directional Bias: The bullish sentiment is supported by the RSI being below 70, allowing room for growth. The proximity to the 60D high indicates a breakout potential.
Trade Plan:
- Suggested Entry:
$28.30
- Stop Loss:
$26.50 (approx. 6.36% below entry)
- Take Profit Targets:
1.
$29.00 (2.46% ROI)
2.
$30.00 (5.99% ROI)
3.
$33.00 (16.87% ROI)
With this plan, the third target provides a potential ROI of over 17%. Monitor closely for market conditions.
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