Dec. 15 at 6:13 AM
Actionable Trade Alert for
$EQR:
Market Context:
$EQR closed at
$60.95, showing a stable position within the recent 60-day high of
$65.76 and low of
$58.38. The RSI at 53.95 indicates a neutral stance, suggesting potential for upward movement.
Directional Bias: With the current price above the 30-day MA of
$60.24 but slightly below the 50-day MA of
$61.02, we have a mixed outlook. However, the proximity to the 60D high suggests bullish potential.
Trade Plan:
- Suggested Entry:
$61.00 (slightly above current close for confirmation)
- Stop Loss:
$58.50 (to protect against significant downside)
- Take Profit Targets:
1.
$63.00 (approx. 3.28% gain)
2.
$64.50 (approx. 5.80% gain)
3.
$71.00 (approx. 16.5% gain)
With a well-placed stop and three targets, this plan aims for a minimum of 17% ROI on the third target. Monitor price action closely.
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