Dec. 6 at 1:39 AM
$F Actionable Trade Alert:
Market Context: The stock closed at
$13.14, showing stability within the recent trading range. The RSI at 47.22 indicates a neutral position, suggesting potential for upward movement without being overbought. The 60D high of
$13.97 presents a resistance level, while the low of
$11.34 offers support.
Directional Bias: Given the current price is above the 30-day moving average (MA30) of
$13.09 and significantly above the 50-day moving average (MA50) of
$12.65, there is a bullish bias. The ATR of 0.29 indicates relatively low volatility, allowing for a more predictable trading environment.
Trade Plan:
- Suggested Entry:
$13.20
- Stop Loss:
$12.85 (2.65% risk)
- Take Profit Targets:
1.
$13.50 (2.27% gain)
2.
$13.75 (4.20% gain)
3.
$15.50 (17.96% gain)
This plan provides a clear risk-reward ratio, with the potential for a 17% ROI on the third target.
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