Dec. 8 at 11:32 PM
Actionable Trade Alert for
$EGP:
Market Context:
$EGP is currently trading at
$177.85, near its 30-day moving average (MA30) of
$177.92, indicating a potential consolidation phase. The RSI at 50.82 suggests neutral momentum, but with proximity to the 60-day high of
$183.38, there is potential for upward movement.
Directional Bias: Given the current price is above the MA50 of
$176.25 and close to the 60D high, the bias leans bullish. The ATR of 3.33 indicates moderate volatility, allowing for reasonable movement.
Trade Plan:
- Suggested Entry:
$178.50 (slightly above the current close)
- Stop Loss:
$175.00 (3.15% below entry)
- Take Profit Targets:
1.
$181.00 (1.67% gain)
2.
$183.00 (2.67% gain)
3.
$185.00 (3.84% gain, 17.67% ROI)
This trade plan provides a structured approach to capitalize on potential upward momentum while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
