Dec. 25 at 2:19 PM
Actionable Trade Alert for
$EQH:
Market Context:
$EQH is currently trading at
$48.74, with a strong RSI of 73.48 indicating overbought conditions. The stock is above both the 30-day MA of 46.41 and the 50-day MA of 46.85, suggesting bullish momentum. However, the high RSI signals potential for a pullback.
Directional Bias: Given the recent high of
$51.71, there is room for upward movement, but caution is warranted due to the overbought RSI.
Trade Plan:
- Suggested Entry:
$48.74
- Stop Loss:
$46.00 (approx. 5.6% below entry)
- Take Profit Targets:
1. Target 1:
$50.00 (2.58% gain)
2. Target 2:
$51.00 (4.60% gain)
3. Target 3:
$57.00 (17% gain)
The third target aligns with the potential breakout above the 60D high. Monitor the price action closely, especially around the RSI levels, to adjust your strategy accordingly.
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