Dec. 11 at 10:50 PM
Actionable Trade Alert for
$FAST:
Market Context:
$FAST closed at
$41.33, showing strong momentum with an RSI of 67.75, indicating it is nearing overbought territory. The price is above the 30-day MA of
$40.68 but slightly below the 50-day MA of
$42.07, suggesting mixed signals. The recent 60-day high of
$49.3 presents a potential resistance level.
Directional Bias: Given the current price is close to the 60-day high and the RSI indicates potential overbought conditions, we anticipate a pullback or consolidation before any further upward movement.
Trade Plan:
- Suggested Entry:
$41.50 (slightly above the last close to capture momentum)
- Stop Loss:
$39.50 (to limit potential losses)
- Take Profit Targets:
- Target 1:
$43.00 (4% gain)
- Target 2:
$45.00 (8% gain)
- Target 3:
$48.00 (16.5% gain, achieving over 17% ROI)
Monitor the price action closely, and adjust stop loss as targets are hit to protect profits.
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