Dec. 19 at 4:06 PM
$CRS Trade Alert:
Market Context: The stock closed at
$321.53, with a neutral RSI of 51.98, indicating a balanced momentum. The 30-day moving average (MA30) is at
$318.17, showing support, while the 50-day moving average (MA50) at
$301.07 suggests a bullish trend over a longer period. The 60-day high of
$342.11 indicates potential resistance, while the low of
$228.00 provides a solid base for risk management.
Directional Bias: With the current price above MA30 and MA50, the bias is bullish. The RSI indicates no overbought conditions, allowing for upward movement.
Trade Plan:
- Suggested Entry:
$322.00
- Stop Loss:
$308.00 (approximately 4.5% risk)
- Take Profit Targets:
1.
$335.00 (4% gain)
2.
$342.00 (6.4% gain)
3.
$376.00 (17% gain)
This plan offers a solid risk-reward ratio, targeting a significant ROI on the third take profit level.
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