Dec. 12 at 12:04 AM
Actionable Trade Alert for
$CRUS:
Market Context:
$CRUS is currently experiencing bullish momentum, closing at
$126.34. The RSI at 78.42 indicates overbought conditions, suggesting a potential pullback or consolidation before further upward movement.
Directional Bias: The price is above the 30-day MA (121.49) and 50-day MA (123.66), indicating a strong bullish trend. However, the high of
$136.92 within the last 60 days suggests a possible target for profit-taking.
Trade Plan:
- Suggested Entry:
$126.34
- Stop Loss:
$122.00 (below the 30-day MA)
- Take Profit Targets:
1.
$130.00 (Target 1, approx. 3% ROI)
2.
$134.00 (Target 2, approx. 6% ROI)
3.
$148.00 (Target 3, approx. 17% ROI)
With the ATR at 3.0, the volatility supports reaching these targets. Monitor RSI for potential reversals.
For further insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
