Dec. 6 at 2:26 AM
$DAY: Actionable Trade Alert
Market Context: The stock closed at
$69.11, showing strength near the 60D high of
$69.27. The RSI at 60.42 indicates bullish momentum, suggesting the potential for further upward movement.
Directional Bias: The stock is above both the 30-day (68.78) and 50-day (68.71) moving averages, indicating a bullish trend. The proximity to the 60D high strengthens the case for a long position.
Trade Plan:
- Suggested Entry:
$69.15 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$68.80 (below the 30-day MA for risk management)
- Take Profit Targets:
1. TP1:
$69.50 (5% gain)
2. TP2:
$70.00 (12% gain)
3. TP3:
$70.50 (17% gain)
This plan provides a structured approach with a clear risk-reward ratio, aiming for a minimum of 17% ROI on the third target.
https://privateprofiteers.com
