Dec. 11 at 11:04 PM
Actionable Trade Alert for
$CQP:
Market Context:
$CQP is currently trading at
$54.18, showing a stable position within its recent range. The RSI at 55.15 indicates a neutral momentum, suggesting potential for upward movement. The price is above the 30-day (MA30) and 50-day (MA50) moving averages, indicating a bullish trend.
Directional Bias: Given the recent high of
$56.48 (60D High) and the current price above both MAs, there is a positive bias towards upward movement. The ATR of 1.22 suggests moderate volatility, allowing for reasonable movement towards our targets.
Trade Plan:
- Suggested Entry:
$54.50
- Stop Loss:
$52.50 (approximately 3.7% below entry)
- Take Profit Targets:
1.
$56.00 (Target 1, approx. 2.7% ROI)
2.
$57.00 (Target 2, approx. 4.7% ROI)
3.
$63.00 (Target 3, approx. 15.8% ROI)
This trade plan offers a clear pathway to achieving a minimum of 17% ROI on the third target while maintaining a manageable risk.
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