Dec. 10 at 3:12 AM
Actionable Trade Alert for
$EIX:
Market Context:
$EIX is currently trading at
$56.63, showing a neutral to slightly bearish sentiment with an RSI of 40.55, suggesting potential for upward movement. The price is below the 30-day moving average (MA30) of
$57.39 and the 50-day moving average (MA50) of
$56.72, indicating a possible reversal.
Directional Bias: Given the current RSI and proximity to the 60-day low of
$52.0, there is potential for a rebound. The ATR of 1.43 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$56.63
- Stop Loss:
$54.50 (approximately 3.76% below entry)
- Take Profit Targets:
1. Target 1:
$58.00 (2.43% ROI)
2. Target 2:
$59.00 (5.19% ROI)
3. Target 3:
$66.25 (17% ROI)
This plan offers a strategic approach to capitalize on potential upward momentum while managing risk effectively.
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