Dec. 5 at 9:53 PM
Actionable Trade Alert for
$EQH:
Market Context:
$EQH is currently trading at
$45.96, showing a moderate RSI of 53.87, indicating a neutral momentum. The stock is positioned between its 60D high of
$55.15 and low of
$42.34, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day MA of
$46.14 and the 50-day MA of
$47.58, indicating a bearish short-term trend. However, the RSI suggests room for upward momentum. If
$EQH can break above the 30-day MA, it may signal a bullish reversal.
Trade Plan:
- Suggested Entry:
$46.00 (above the 30-day MA)
- Stop Loss:
$44.50 (below recent support)
- Take Profit Targets:
1.
$48.00 (4.35% ROI)
2.
$50.00 (8.75% ROI)
3.
$54.00 (17.66% ROI)
This plan leverages the potential for recovery while managing risk effectively. Monitor for a breakout above the 30-day MA for confirmation.
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