Dec. 10 at 3:38 AM
Actionable Trade Alert for
$CPT:
Market Context:
$CPT is currently trading at
$101.69, showing a neutral RSI of 48.37, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$108.95 and low of
$97.17, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day moving average (MA30) of
$102.81 and the 50-day moving average (MA50) of
$103.06, indicating a bearish short-term trend. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$102.00 (slightly above current price to confirm upward momentum)
- Stop Loss:
$99.50 (to limit potential losses)
- Take Profit Targets:
1.
$105.00 (3% gain)
2.
$107.00 (5% gain)
3.
$119.00 (17% gain)
This trade plan allows for a structured approach with a potential 17% ROI on the third target. Monitor price action closely for adjustments.
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