Dec. 6 at 3:33 AM
Actionable Trade Alert for
$COLD:
Market Context:
$COLD is currently trading at
$11.12, showing a strong RSI of 60.0, indicating bullish momentum. The stock is below both the 30-day moving average (MA30) of
$11.64 and the 50-day moving average (MA50) of
$12.23, suggesting potential upward movement towards these resistance levels. The recent 60-day high of
$14.1 provides a significant upside target.
Directional Bias: With the RSI at 60, the stock is not overbought but is showing strength. The price is near the lower range of the 60-day low of
$10.1, indicating a possible reversal.
Trade Plan:
- Suggested Entry:
$11.12
- Stop Loss:
$10.50 (5.6% risk)
- Take Profit Targets:
1.
$12.00 (Target 1: 7.9% ROI)
2.
$12.75 (Target 2: 14.7% ROI)
3.
$13.00 (Target 3: 16.9% ROI)
This plan provides a favorable risk-reward ratio with the potential for over 17% ROI on the third target.
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