Dec. 10 at 4:23 AM
Actionable Trade Alert for
$ELF:
Market Context:
$ELF is currently trading at
$77.42, showing a positive momentum with an RSI of 58.0, indicating it is not overbought yet. The stock is positioned between its 60D high of
$150.99 and low of
$67.37, suggesting potential for upward movement.
Directional Bias: The RSI of 58.0 indicates bullish sentiment, while the price is below both the 30-day MA of 86.47 and 50-day MA of 105.1, suggesting a potential reversal or breakout opportunity.
Trade Plan:
- Suggested Entry:
$78.00
- Stop Loss:
$73.00 (5.19% risk)
- Take Profit Targets:
1.
$90.00 (15.38% ROI)
2.
$100.00 (28.57% ROI)
3.
$91.00 (17.36% ROI)
This trade plan offers a favorable risk-to-reward ratio, with the potential for significant returns. Monitor the trade closely for any market changes.
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