Dec. 15 at 5:58 AM
Actionable Trade Alert for
$ETR:
Market Context:
$ETR closed at
$92.35, currently trading below its 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish short-term trend. The RSI at 44.91 suggests it is near neutral territory, with potential for upward movement if buying pressure increases.
Directional Bias: Given the proximity to the 60-day low of
$87.69 and the current RSI, there is potential for a rebound towards the 60-day high of
$98.58. The ATR of 1.72 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$92.50
- Stop Loss:
$90.00 (2.7% risk)
- Take Profit Targets:
1.
$95.00 (Target 1: 2.7% ROI)
2.
$97.00 (Target 2: 4.8% ROI)
3.
$108.00 (Target 3: 17% ROI)
This plan capitalizes on a potential recovery towards resistance levels while managing risk effectively.
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