Dec. 15 at 6:31 AM
$CSL Actionable Trade Alert:
Market Context:
$CSL is currently trading at
$331.04, showing strong momentum but is overbought with an RSI of 73.73. The stock is above its 30-day MA of 317.77 and 50-day MA of 322.61, indicating bullish sentiment. However, the high of
$349.93 suggests potential resistance ahead.
Directional Bias: Given the RSI and the proximity to the 60D high, we expect a pullback before any further upward movement. The 60D low of
$293.43 provides a solid support level.
Trade Plan:
- Suggested Entry:
$330.00
- Stop Loss:
$320.00 (risking
$10.00)
- Take Profit Targets:
1. Target 1:
$340.00 (3% ROI)
2. Target 2:
$345.00 (4.5% ROI)
3. Target 3:
$387.00 (17% ROI)
Rationale: The targets leverage the current price action and the high-low range, with the third target offering a significant ROI while allowing for potential volatility.
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