Dec. 6 at 1:33 AM
Actionable Trade Alert for
$ECL:
Market Context:
$ECL is currently trading at
$264.42, showing a neutral RSI of 53.28, indicating no immediate overbought or oversold conditions. The price is slightly above the 30-day moving average (MA30) of
$264.13, suggesting a potential bullish sentiment. However, it remains below the 50-day moving average (MA50) of
$268.25, indicating resistance.
Directional Bias: Given the current price is closer to the 60-day low of
$251.74 than the high of
$282.2, there is potential for upward movement. The ATR of 4.62 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$265.00
- Stop Loss:
$258.00 (risking
$7.00)
- Take Profit Targets:
1. Target 1:
$272.00 (ROI: 2.64%)
2. Target 2:
$278.00 (ROI: 4.89%)
3. Target 3:
$310.00 (ROI: 17.17%)
This plan offers a favorable risk-to-reward ratio with a significant potential return on the third target.
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