Dec. 6 at 2:51 AM
Actionable Trade Alert for
$ESI:
Market Context:
$ESI is currently trading at
$26.27, showing a neutral RSI at 47.06, indicating potential for upward movement. The stock is positioned above the 30-day moving average (MA30) at
$26.08 and the 50-day moving average (MA50) at
$25.91, suggesting bullish momentum.
Directional Bias: With the current price near the 60-day high of
$27.97 and above the recent low of
$22.86, there is a favorable risk-reward setup. The ATR of 0.91 indicates moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$26.30 (slightly above the last close)
- Stop Loss:
$25.80 (below MA50 for safety)
- Take Profit Targets:
1.
$27.00 (2.66% gain)
2.
$27.50 (4.66% gain)
3.
$30.75 (16.77% gain)
This plan aims for a minimum of 17% ROI on the third target. Execute with caution and monitor market conditions.
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