Dec. 8 at 10:37 PM
Actionable Trade Alert for
$ET:
Market Context: The stock closed at
$16.83, showing a stable position within its recent range. The RSI at 46.76 indicates neutral momentum, suggesting potential for upward movement without being overbought. The MA30 and MA50 are both at
$16.74, indicating strong support levels.
Directional Bias: Given the proximity to the 60D high of
$17.71 and the current price above the moving averages, there is a bullish bias. The ATR of 0.26 suggests low volatility, which can lead to more predictable price movements.
Trade Plan:
- Suggested Entry:
$16.85 (slightly above the last close)
- Stop Loss:
$16.50 (to limit potential losses)
- Take Profit Targets:
1.
$17.20 (2% gain)
2.
$17.50 (4% gain)
3.
$19.67 (17% gain)
With a clear upward bias and defined targets, this trade offers a solid risk-reward ratio. Follow the plan closely for optimal results.
https://privateprofiteers.com
