Dec. 25 at 1:34 PM
Actionable Trade Alert for
$ELV:
Market Context:
$ELV is currently trading at
$343.3, showing a strong position within its recent range. The RSI of 57.97 indicates that the asset is neither overbought nor oversold, suggesting potential upward momentum. The price is above the 30-day moving average (MA30) of 336.1 and the 50-day moving average (MA50) of 334.47, reinforcing a bullish sentiment.
Directional Bias: Given the current price relative to MAs and the RSI, we anticipate a continuation of the upward trend towards the 60-day high of 364.87.
Trade Plan:
- Suggested Entry:
$344.0
- Stop Loss:
$334.0 (approximately 2.9% below entry)
- Take Profit Targets:
1.
$354.0 (3% ROI)
2.
$364.0 (5.8% ROI)
3.
$403.0 (17.4% ROI)
This plan provides a structured approach to capitalize on potential gains while managing risk effectively.
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