Dec. 6 at 3:00 AM
Actionable Trade Alert for
$ESE:
Market Context: Currently,
$ESE is trading at
$202.29, showing a bearish sentiment with an RSI of 36.89, indicating potential oversold conditions. The price is below both the 30-day MA of 216.3 and the 50-day MA of 214.36, reinforcing a bearish outlook. The recent high of 229.46 and low of 199.99 suggest a tight trading range, with potential for a rebound.
Directional Bias: Given the RSI below 40 and the proximity to the 60-day low, we anticipate a corrective bounce towards the upper range.
Trade Plan:
- Suggested Entry:
$202.50
- Stop Loss:
$198.00 (approximately 2.5% risk)
- Take Profit Targets:
1.
$210.00 (Target 1, 3.7% ROI)
2.
$220.00 (Target 2, 8.7% ROI)
3.
$237.00 (Target 3, 17.1% ROI)
This plan capitalizes on a potential rebound while maintaining a controlled risk. Monitor closely for market conditions.
https://privateprofiteers.com
