Dec. 25 at 2:02 PM
$CW: Current market context shows a stock closing at
$567.89, with an RSI of 57.17 indicating bullish momentum but not overbought. The 30-day moving average (MA30) at
$550.43 and the 50-day moving average (MA50) at
$559.85 suggest a positive trend, as the price is above both MAs. The 60-day high of
$612.28 provides a potential resistance level, while the 60-day low of
$521.66 establishes a solid support range.
Directional bias is bullish due to the price being above key moving averages and a healthy RSI. Suggested entry is at
$570, with a stop loss set at
$550 to manage risk.
Take Profit Targets:
1. TP1:
$590 (3.5% gain)
2. TP2:
$605 (6.5% gain)
3. TP3:
$665 (17% gain)
This plan allows for a solid risk-reward ratio, aiming for a 17% ROI on TP3. Execute this trade with confidence, monitoring market conditions closely.
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