Dec. 19 at 4:45 PM
Actionable Trade Alert for
$EMN:
Market Context:
$EMN closed at
$64.15, showing a strong position above its 30-day and 50-day moving averages (MA30=61.27, MA50=61.16). The RSI at 58.16 indicates bullish momentum but is not overbought, suggesting potential for further upside.
Directional Bias: Given the current price is near the 60-day high of
$66.1, there is a potential breakout opportunity. The strong support at the 60-day low of
$56.11 further reinforces bullish sentiment.
Trade Plan:
- Suggested Entry:
$64.50
- Stop Loss:
$62.00 (risking
$2.50)
- Take Profit Targets:
1. Target 1:
$66.00 (Risk/Reward = 1:1)
2. Target 2:
$68.00 (Risk/Reward = 2:1)
3. Target 3:
$75.00 (Risk/Reward = 5:1, approximately 17% ROI)
This plan capitalizes on the bullish trend while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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