Dec. 19 at 3:29 PM
Actionable Trade Alert for
$EPD:
Market Context:
$EPD is currently trading at
$31.99, showing a potential for upward movement given its proximity to the 60D low of
$30.01 and the RSI at 37.62, indicating it is oversold. The price is slightly below the 30-day moving average (MA30) of
$32.07, suggesting a potential reversal.
Directional Bias: The RSI indicates bearish momentum, but the price is near the lower end of its recent range, creating a bullish opportunity. The MA50 at
$31.57 is also supportive, as it is below the current price, suggesting a potential bounce.
Trade Plan:
- Suggested Entry:
$32.00
- Stop Loss:
$30.50 (1.5% below entry)
- Take Profit Targets:
- Target 1:
$32.50 (1.56% ROI)
- Target 2:
$33.00 (3.12% ROI)
- Target 3:
$37.50 (17.19% ROI)
This plan provides a solid risk-reward ratio with the potential for significant returns. Monitor closely for any changes in momentum.
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