Dec. 12 at 12:38 AM
Actionable Trade Alert for
$CXT:
Market Context:
$CXT is currently trading at
$54.56, showing a moderate RSI of 55.86, indicating bullish momentum but not overbought. The price is below both the 30-day MA (58.58) and the 50-day MA (61.82), suggesting potential upward movement towards these averages.
Directional Bias: The recent price action is within the 60-day range of
$53.18 to
$69.00. Given the current price is closer to the 60D low, there is potential for a rebound towards the high.
Trade Plan:
- Suggested Entry:
$54.56
- Stop Loss:
$52.50 (approximately 3.8% below entry)
- Take Profit Targets:
1.
$58.00 (Target 1: 6.3% ROI)
2.
$61.00 (Target 2: 11.7% ROI)
3.
$64.00 (Target 3: 17.3% ROI)
With the current metrics, a move towards the higher MA levels is plausible, offering a solid risk-reward ratio.
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