Dec. 11 at 11:29 PM
Actionable Trade Alert for
$ENTG:
Market Context:
$ENTG is currently trading at
$95.11, showing strong momentum with an RSI of 95.92, indicating it is overbought. The stock is above its 30-day MA of 82.86 and 50-day MA of 86.84, suggesting bullish sentiment, but the high RSI signals caution.
Directional Bias: While the overall trend appears bullish, the high RSI indicates potential for a pullback. The 60-day high of
$101.48 presents a resistance level, while the low of
$67.97 provides a support base.
Trade Plan:
- Suggested Entry:
$95.11
- Stop Loss:
$90.00 (approx. 5% risk)
- Take Profit Targets:
- TP1:
$100.00 (5.5% gain)
- TP2:
$105.00 (10.4% gain)
- TP3:
$111.00 (16.7% gain)
With a focus on the high RSI and the potential for a pullback, consider scaling out at each target while monitoring for signs of reversal.
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