Dec. 6 at 1:22 AM
Actionable Trade Alert for
$CRM:
Market Context:
$CRM closed at
$247.46, showing a stable position above its 30-day (MA30) and 50-day (MA50) moving averages, indicating bullish momentum. The RSI at 56.26 suggests the stock is neither overbought nor oversold, allowing for potential upward movement.
Directional Bias: The price is currently near the 60-day high of
$267.13, providing a bullish sentiment. The distance from the 60-day low of
$221.96 gives a favorable risk-reward ratio for a breakout.
Trade Plan:
- Suggested Entry:
$248.00
- Stop Loss:
$240.00 (approximately 3.25% below entry)
- Take Profit Targets:
1.
$255.00 (2.83% gain)
2.
$265.00 (6.77% gain)
3.
$290.00 (17.15% gain)
This structure allows for a potential 17% ROI on the third target, making it a strategic entry point. Monitor the trade closely for market changes.
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