Dec. 17 at 4:20 AM
Actionable Trade Alert for
$EEFT:
Market Context:
$EEFT is currently trading at
$76.5, showing strength with an RSI of 63.54, indicating bullish momentum but nearing overbought territory. The price is above the 30-day moving average (MA30) of
$73.24, suggesting short-term bullishness, while the 50-day moving average (MA50) of
$77.55 indicates potential resistance.
Directional Bias: Given the current price is close to the 60-day high of
$90.56, there is room for upward movement. However, the proximity to the MA50 suggests caution. The 60-day low of
$68.56 provides a solid support level.
Trade Plan:
- Suggested Entry:
$76.5
- Stop Loss:
$74.5 (1.5 ATR below entry)
- Take Profit Targets:
1.
$80.0 (Target 1: 4.6% ROI)
2.
$84.0 (Target 2: 10.3% ROI)
3.
$89.5 (Target 3: 17% ROI)
This trade plan leverages the current bullish sentiment while managing risk effectively.
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