Dec. 19 at 4:54 PM
Actionable Trade Alert for
$FBIN:
Market Context:
$FBIN is currently trading at
$51.49, showing a neutral RSI of 49.23, indicating indecision in the market. The price is close to the 30-day moving average (MA30) at
$49.55 and above the 50-day moving average (MA50) at
$49.84, suggesting a potential upward bias. The 60-day high of
$54.07 presents a resistance level, while the low of
$44.04 provides support.
Directional Bias: With the price above both MAs and an RSI near the midpoint, there is potential for a bullish breakout if it surpasses recent highs.
Trade Plan:
- Suggested Entry:
$51.50
- Stop Loss:
$49.00 (below MA50)
- Take Profit Targets:
- Target 1:
$53.00 (4.5% ROI)
- Target 2:
$54.00 (4.9% ROI)
- Target 3:
$60.00 (16.5% ROI)
This plan provides a clear path to achieving over 17% ROI on the third target while maintaining a manageable risk.
For more insights, visit https://privateprofiteers.com.
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