Dec. 8 at 10:40 PM
$EA Actionable Trade Alert:
Market Context:
$EA is currently trading at
$203.94, near its 60D high of
$204.64, indicating a strong bullish sentiment. The RSI at 78.98 suggests the stock is overbought, which may lead to a pullback. However, the upward momentum is supported by the MA30 at
$201.47 and MA50 at
$201.14, both indicating a bullish trend.
Directional Bias: Despite the high RSI, the proximity to the 60D high suggests potential for a breakout. The strong support from moving averages indicates that any pullback may be limited.
Trade Plan:
- Suggested Entry:
$203.94
- Stop Loss:
$199.00 (approximately 2.9% below entry)
- Take Profit Targets:
- Target 1:
$206.00 (1.03% gain)
- Target 2:
$210.00 (3.00% gain)
- Target 3:
$239.00 (17.00% gain)
This trade plan allows for a significant upside while managing risk effectively.
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