Dec. 25 at 3:36 PM
Actionable Trade Alert for
$ENVA:
Market Context:
$ENVA is currently trading at
$164.67, significantly above its 30-day moving average (MA30) of
$140.45 and 50-day moving average (MA50) of
$131.81. The RSI at 83.02 indicates that the stock is overbought, suggesting a potential pullback or consolidation.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$168.68, the bias is cautiously bullish, but a correction may occur.
Trade Plan:
- Suggested Entry:
$164.67
- Stop Loss:
$158.99 (approximately 3% below entry)
- Take Profit Targets:
1. Target 1:
$170.00 (3.2% gain)
2. Target 2:
$175.00 (6.3% gain)
3. Target 3:
$193.00 (17.3% gain)
This plan allows for profit-taking while managing risk effectively. Monitor the RSI for signs of reversal as you approach targets.
For more insights, visit https://privateprofiteers.com.
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