Dec. 6 at 2:20 AM
Actionable Trade Alert for
$ENTG:
Market Context:
$ENTG is currently trading at
$88.14, showing strong momentum as it approaches the 60-day high of
$101.48. The RSI at 59.87 indicates bullish momentum but is not overbought, suggesting room for further upside.
Directional Bias: The price is above the 30-day MA (82.93) and the 50-day MA (86.93), indicating a bullish trend. The recent price action is supported by the upward movement from the 60-day low of
$67.97, reinforcing a positive outlook.
Trade Plan:
- Suggested Entry:
$88.50
- Stop Loss:
$85.00 (3.5% risk)
- Take Profit Targets:
1.
$93.00 (5% ROI)
2.
$98.00 (10.5% ROI)
3.
$103.00 (17% ROI)
This trade plan offers a solid risk-reward ratio, capitalizing on the bullish trend while managing downside risk effectively.
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