Dec. 6 at 2:31 AM
Actionable Trade Alert for
$EPAM:
Market Context:
$EPAM is currently trading at
$201.5, showing strong bullish momentum. The RSI at 81.62 indicates overbought conditions, suggesting a potential pullback. However, the price is near the 60D high of
$203.43, which may attract buyers looking for breakout opportunities.
Directional Bias: The bullish bias is supported by the MA30 at
$175.84 and MA50 at
$165.36, indicating a strong upward trend. The high-low range shows significant volatility, with the 60D low at
$140.84, providing a solid support base.
Trade Plan:
- Suggested Entry:
$201.5
- Stop Loss:
$195 (3.5% below entry)
- Take Profit Targets:
1.
$210 (4.3% gain)
2.
$220 (9.2% gain)
3.
$235 (16.6% gain)
With a potential ROI of over 17% on the third target, this trade offers a favorable risk-reward ratio. Monitor RSI for potential reversals.
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