Dec. 8 at 11:02 PM
Actionable Trade Alert for
$CPAY:
Market Context:
$CPAY is currently trading at
$306.79, with a strong RSI of 80.0 indicating overbought conditions. The stock is above its 30-day MA of 282.61 and 50-day MA of 284.27, suggesting bullish momentum. However, the high RSI signals potential for a pullback.
Directional Bias: Given the overbought RSI and proximity to the 60D high of
$315.38, we anticipate a short-term correction before a potential breakout.
Trade Plan:
- Suggested Entry:
$306.79
- Stop Loss:
$295.00 (approximately 4% below entry)
- Take Profit Targets:
1. Target 1:
$315.00 (2.5% gain)
2. Target 2:
$320.00 (4.2% gain)
3. Target 3:
$360.00 (17.3% gain)
This plan allows for a risk-reward ratio that meets the 17% ROI target on the third take profit. Monitor the stock closely for volatility given the ATR of 7.16.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
