Dec. 15 at 5:55 AM
$EA is currently trading at
$203.73, showing a strong bullish momentum with an RSI of 83.78, indicating overbought conditions. The last close is above the 30-day moving average (MA30) of
$201.92 and the 50-day moving average (MA50) of
$201.30, reinforcing the upward trend. The 60-day high of
$204.64 suggests a potential resistance level, while the low of
$166.1 provides a solid support base.
Actionable Trade Alert:
- Suggested Entry:
$203.73
- Stop Loss:
$200.00 (approx. 1.3% risk)
- Take Profit Targets:
- Target 1:
$206.00 (1.1% gain)
- Target 2:
$210.00 (3.1% gain)
- Target 3:
$239.00 (17.3% gain)
Given the current market context, the bullish bias is supported by the strong momentum indicators and the proximity to recent highs. Monitor for any signs of reversal as the RSI is elevated.
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