Dec. 17 at 3:01 AM
Actionable Trade Alert for
$EXAS:
Market Context:
$EXAS is currently trading at
$101.76, near its 60D high of
$101.95, indicating bullish momentum. However, the RSI at 68.42 suggests it may be overbought, which could lead to a pullback.
Directional Bias: Despite the overbought RSI, the price is significantly above the 30-day MA of 88.5 and the 50-day MA of 77.92, indicating strong upward momentum. The recent high-low range shows potential for further gains, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$101.76
- Stop Loss:
$98.00 (3.7% below entry)
- Take Profit Targets:
1. Target 1:
$105.00 (3.2% gain)
2. Target 2:
$108.00 (6.7% gain)
3. Target 3:
$119.00 (17% gain)
This plan provides a favorable risk-reward ratio, aiming for a significant ROI on the third target while managing risk with a tight stop loss.
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