Dec. 6 at 2:03 AM
Actionable Trade Alert for
$CTRA:
Market Context:
$CTRA is currently trading at
$27.34, near its 60-day high of
$27.45. The RSI at 63.35 indicates bullish momentum, but it's approaching overbought territory. The MA30 (25.58) and MA50 (24.73) are both below the current price, suggesting a strong upward trend.
Directional Bias: The bullish sentiment is supported by the price being above both the MA30 and MA50, indicating potential for further gains. The recent high-low range suggests limited downside risk, making this a favorable setup.
Trade Plan:
- Suggested Entry:
$27.34
- Stop Loss:
$25.80 (approx. 5.6% below entry)
- Take Profit Targets:
1. Target 1:
$28.00 (2.4% gain)
2. Target 2:
$29.00 (6.1% gain)
3. Target 3:
$31.99 (17.6% gain)
This plan offers a solid risk-reward ratio, aiming for a minimum of 17% ROI on the third target. Monitor closely as market conditions evolve.
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