Dec. 10 at 4:01 AM
Actionable Trade Alert for
$ESAB:
Market Context:
$ESAB closed at
$109.61, showing resilience with an RSI of 55.35, indicating a neutral to slightly bullish momentum. The stock is currently trading below its MA30 (
$111.63) and MA50 (
$114.51), suggesting potential upward movement towards these averages.
Directional Bias: The RSI suggests that the stock is not overbought, allowing for further upside potential. The recent 60D high of
$124.33 indicates strong resistance, while the low of
$103.49 provides a solid support level.
Trade Plan:
- Suggested Entry:
$110.00 (slightly above the close to confirm upward momentum)
- Stop Loss:
$106.50 (below recent support)
- Take Profit Targets:
1.
$115.00 (approx. 4.5% gain)
2.
$120.00 (approx. 9.5% gain)
3.
$128.00 (approx. 17% gain)
This plan offers a favorable risk-reward ratio, targeting a potential 17% ROI on the third take profit.
For more insights, visit https://privateprofiteers.com.
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