Dec. 6 at 1:38 AM
$ET Actionable Trade Alert:
Market Context:
$ET is currently trading at
$16.8, showing a stable position within its recent range. The RSI at 53.88 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement. The proximity to the 60D high of
$17.71 provides a target for price action.
Directional Bias: The price is above the MA30 (16.73) and MA50 (16.77), indicating a bullish trend. The recent low of
$16.18 offers a solid support level.
Trade Plan:
- Suggested Entry:
$16.80
- Stop Loss:
$16.50 (1.8% below entry)
- Take Profit Targets:
1. TP1:
$17.20 (2.38% gain)
2. TP2:
$17.50 (4.17% gain)
3. TP3:
$19.60 (16.79% gain)
This plan provides a potential ROI of over 17% on TP3 while maintaining a reasonable risk-reward ratio. Monitor market conditions and adjust as necessary.
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