Dec. 8 at 11:14 PM
Actionable Trade Alert for
$COO:
Current market context shows
$COO closing at
$79.28, with an RSI of 70.77 indicating overbought conditions. The stock is above both the MA30 (73.31) and MA50 (72.32), suggesting bullish momentum, but the high RSI signals potential for a pullback. The 60D high of
$89.83 offers a key resistance level, while the low of
$64.19 provides a support baseline.
Directional bias leans bullish, but caution is warranted due to the high RSI. Suggested entry is at
$79.00. Set a stop loss at
$76.00 to limit downside risk.
Take Profit Targets:
1. TP1 at
$83.00 (5% gain)
2. TP2 at
$86.00 (8.6% gain)
3. TP3 at
$92.00 (16.1% gain)
This plan allows for a potential ROI of over 17% on TP3 while managing risk effectively. Monitor market sentiment closely, as a pullback could occur given the RSI levels.
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