Dec. 6 at 3:17 AM
Actionable Trade Alert for
$FELE:
Market Context:
$FELE closed at
$94.51, showing a stable range with a 60D high of
$102.76 and a low of
$89.56. The RSI at 53.0 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The price is currently below the 30-day (MA30) and 50-day (MA50) moving averages, which are at
$94.58 and
$94.87, respectively. This positioning suggests a slight bearish sentiment in the short term. However, the proximity to the 60D low indicates a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$94.51
- Stop Loss:
$92.00 (approx. 2.66% risk)
- Take Profit Targets:
1. Target 1:
$98.00 (approx. 3.93% gain)
2. Target 2:
$101.00 (approx. 6.41% gain)
3. Target 3:
$110.00 (approx. 16.43% gain)
This plan offers a potential ROI of over 17% on the third target, aligning with our trading strategy.
For more insights, visit https://privateprofiteers.com.
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