Dec. 5 at 10:30 PM
Actionable Trade Alert for
$EPRT:
Market Context:
$EPRT is currently trading at
$31.06, showing stability with an RSI of 54.86, indicating neutral momentum. The stock is above its 30-day MA of
$30.79 and 50-day MA of
$30.48, suggesting a bullish trend in the short term. The recent 60-day high of
$32.05 provides a resistance level, while the low of
$28.95 offers support.
Directional Bias: The positive positioning above the moving averages and the RSI near the mid-point indicate potential for upward movement.
Trade Plan:
- Suggested Entry:
$31.06
- Stop Loss:
$30.40 (approximately 2.12% below entry)
- Take Profit Targets:
1.
$32.00 (2.99% gain)
2.
$32.50 (4.24% gain)
3.
$36.50 (17.50% gain)
This plan allows for a solid risk-reward ratio, targeting a substantial ROI with the third take profit. Monitor the price action closely for any adjustments.
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