Dec. 11 at 10:29 PM
Actionable Trade Alert for
$CRM:
Market Context:
$CRM is currently trading at
$262.91, showing strong bullish momentum with an RSI of 84.3, indicating overbought conditions. The price is significantly above the 30-day MA of
$243.78 and the 50-day MA of
$245.30, suggesting a strong upward trend.
Directional Bias: Given the high RSI and proximity to the 60D high of
$267.21, a pullback is likely. However, the upward momentum may continue in the short term.
Trade Plan:
- Suggested Entry:
$262.91 (current market price)
- Stop Loss:
$256.00 (below recent support)
- Take Profit Targets:
1.
$267.21 (60D High)
2.
$272.00 (approx. 3.5% gain)
3.
$308.00 (approx. 17% gain)
With these targets, you can realize a substantial ROI, particularly on the third target. Monitor the RSI closely for potential reversal signals.
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