Dec. 15 at 6:07 AM
Actionable Trade Alert for
$CSGP:
Market Context:
$CSGP closed at
$68.23, showing a neutral RSI of 54.22, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$67.99 but below the 50-day moving average (MA50) of
$71.48, suggesting a potential upward correction.
Directional Bias: The recent price action is between the 60-day high of
$89.8 and low of
$63.82, indicating a bullish outlook if it can break above the MA50. The ATR of 1.42 suggests moderate volatility, providing room for movement.
Trade Plan:
- Suggested Entry:
$68.50
- Stop Loss:
$66.50 (1.5 ATR below entry)
- Take Profit Targets:
1.
$72.00 (Target 1: 5% ROI)
2.
$75.00 (Target 2: 9.5% ROI)
3.
$80.00 (Target 3: 17% ROI)
Monitor the price action closely as it approaches these targets.
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