Dec. 15 at 7:49 AM
Actionable Trade Alert for
$COLD:
Market Context:
$COLD is currently trading at
$12.73, showing strong bullish momentum as indicated by an RSI of 83.67, which suggests it is overbought but may continue to rise. The stock is above its 30-day MA of
$11.32 and 50-day MA of
$12.16, indicating a positive trend.
Directional Bias: The high of
$14.1 over the last 60 days provides a potential resistance level, while the low of
$10.1 indicates a solid support base. The strong RSI and the price above moving averages suggest a bullish outlook in the short term.
Trade Plan:
- Suggested Entry:
$12.75
- Stop Loss:
$12.00 (5.9% below entry)
- Take Profit Targets:
1.
$13.50 (5.9% gain)
2.
$14.00 (9.9% gain)
3.
$14.90 (17.0% gain)
This plan provides a risk-reward ratio favorable for capturing gains while managing downside risk effectively.
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