Dec. 17 at 4:03 AM
Actionable Trade Alert for
$CZR:
Market Context:
$CZR is currently trading at
$23.9, showing strong momentum with an RSI of 67.21, indicating it is nearing overbought territory. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$21.74 and
$21.81, respectively, suggesting bullish sentiment. The 60-day high of
$28.26 provides a key resistance level.
Directional Bias: Given the current price relative to MA30 and MA50, along with the recent high, there is a bullish bias. However, caution is warranted due to the elevated RSI.
Trade Plan:
- Suggested Entry:
$23.9
- Stop Loss:
$22.50 (approximately 5.8% below entry)
- Take Profit Targets:
- Target 1:
$25.00 (4.6% gain)
- Target 2:
$26.50 (10.5% gain)
- Target 3:
$28.00 (17.5% gain)
This plan provides a balanced approach with a clear risk-reward ratio. Monitor the price action closely given the RSI levels.
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