Dec. 25 at 3:03 PM
$CWAN: Current market context shows a strong bullish sentiment with the last close at
$24.19 and an RSI of 73.12, indicating overbought conditions. However, the price is near the 60D high of
$24.28, suggesting potential resistance. The MA30 at
$21.52 and MA50 at
$20.16 indicate a solid upward trend, supporting a bullish bias.
Action Plan:
- Suggested Entry:
$24.00 (slightly below last close to capture potential pullback)
- Stop Loss:
$22.50 (to limit risk)
- Take Profit Targets:
1. TP1:
$25.00 (3.33% gain)
2. TP2:
$26.50 (9.57% gain)
3. TP3:
$28.40 (17.00% gain)
The targets are set based on the potential for continued upward momentum, while the stop loss is strategically placed to protect against significant downturns. Monitor RSI for signs of reversal as it approaches overbought levels.
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