Dec. 11 at 10:49 PM
$EA is currently showing strong momentum with a last close at
$203.75 and an RSI of 76.57, indicating overbought conditions. The price is above both the 30-day MA of
$201.79 and the 50-day MA of
$201.25, suggesting bullish sentiment. However, the high of
$204.64 in the last 60 days presents a potential resistance level.
Actionable Trade Alert:
- Suggested Entry:
$203.75
- Stop Loss:
$200.00 (3.5% below entry)
- Take Profit Targets:
- TP1:
$206.00 (1.1% gain)
- TP2:
$210.00 (3.1% gain)
- TP3:
$239.00 (17.3% gain)
Market context indicates a strong bullish trend, but caution is advised due to the high RSI. Monitor for potential pullbacks. If price breaks above
$204.64, it could signal further upside potential.
Trade plan: Enter at
$203.75, set stop at
$200.00, and aim for TP1, TP2, and TP3 sequentially.
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