Dec. 17 at 2:25 AM
Actionable Trade Alert for
$FANG:
Market Context:
$FANG is currently trading at
$149.67, positioned within a 60-day range of
$137.03 (low) to
$164.44 (high). The RSI at 54.7 indicates neutral momentum, suggesting potential for upward movement. The MA30 at
$150.32 is slightly above the current price, indicating a resistance level, while the MA50 at
$147.4 provides support.
Directional Bias: The price is near the MA30 and above the MA50, showing a bullish sentiment. The proximity to the 60D high indicates potential for a breakout.
Trade Plan:
- Suggested Entry:
$150.00
- Stop Loss:
$145.00 (3.4% below entry)
- Take Profit Targets:
1.
$155.00 (3.3% gain)
2.
$160.00 (6.7% gain)
3.
$175.00 (16.9% gain)
This plan offers a potential ROI of 17% or more on the third target while maintaining a manageable risk. Monitor closely for market changes.
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