Dec. 9 at 12:07 AM
Actionable Trade Alert for
$FCN:
Market Context:
$FCN is currently trading at
$165.01, showing a stable position within its recent range. The RSI at 57.06 indicates bullish momentum, suggesting potential for upward movement. The 30-day moving average (MA30) aligns with the current price, indicating support, while the 50-day moving average (MA50) at
$162.12 provides additional bullish confirmation.
Directional Bias: With the price above the MA50 and the RSI indicating strength, the bias is bullish. The recent high of
$170.98 provides a target for potential gains, while the low of
$149.31 suggests a solid risk management level.
Trade Plan:
- Suggested Entry:
$165.50
- Stop Loss:
$161.50 (3% below entry)
- Take Profit Targets:
1.
$170.00 (Target 1, 2.26% gain)
2.
$173.00 (Target 2, 4.52% gain)
3.
$193.00 (Target 3, 17% gain)
This plan offers a favorable risk-reward ratio with a potential 17% ROI on the third target.
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