Dec. 25 at 1:50 PM
Actionable Trade Alert for
$EL:
Market Context:
$EL is currently trading at
$107.48, showing a strong upward trend with an RSI of 57.79, indicating bullish momentum. The stock is above its 30-day moving average (MA30) of 98.6 and 50-day moving average (MA50) of 97.52, suggesting a positive trend.
Directional Bias: The bullish sentiment is supported by the price being closer to the 60-day high of 110.37, indicating potential for further upward movement. The ATR of 3.04 suggests moderate volatility, allowing for reasonable price swings.
Trade Plan:
- Suggested Entry:
$107.50
- Stop Loss:
$104.50 (risking
$3.00)
- Take Profit Targets:
1. Target 1:
$110.00 (ROI: 2.77%)
2. Target 2:
$112.50 (ROI: 4.67%)
3. Target 3:
$125.00 (ROI: 16.36%)
This plan offers a conservative approach with a potential 17% ROI or more at the third target. Monitor closely for price action around the targets.
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