Dec. 11 at 10:49 PM
$EW Actionable Trade Alert:
Market Context: Currently trading at
$83.9,
$EW is positioned within a range defined by a 60D high of
$87.89 and a low of
$72.3. The RSI at 49.22 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The price is above the MA50 of
$81.28 but below the MA30 of
$84.65, indicating a potential bullish reversal if it breaks above the MA30. The ATR of 1.59 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$84.00 (break above MA30)
- Stop Loss:
$81.00 (below MA50)
- Take Profit Targets:
1.
$86.00 (1st target, 2.38% ROI)
2.
$88.00 (2nd target, 4.76% ROI)
3.
$98.00 (3rd target, 17.00% ROI)
This plan provides a clear pathway to capitalize on potential upward momentum while managing risk effectively.
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