Dec. 12 at 12:21 AM
Actionable Trade Alert for
$EAT:
Market Context:
$EAT is currently trading at
$143.51, showing strong momentum as indicated by an RSI of 64.8, suggesting it is nearing overbought territory but still has room for upward movement. The price is significantly above both the 30-day MA (126.92) and the 50-day MA (126.97), indicating a bullish trend.
Directional Bias: The bullish sentiment is supported by the recent high of
$155.18 within the last 60 days, providing a potential target for profit-taking. The distance from the 60D low of
$100.3 also highlights a strong upward trend.
Trade Plan:
- Suggested Entry:
$143.51
- Stop Loss:
$136.48 (below recent support, approximately 5% risk)
- Take Profit Targets:
1.
$150.00 (Target 1, approx. 4.5% ROI)
2.
$155.00 (Target 2, approx. 8% ROI)
3.
$168.00 (Target 3, approx. 17% ROI)
This plan allows for a structured approach to capitalize on the current bullish trend while managing risk effectively.
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