Dec. 15 at 6:30 AM
Actionable Trade Alert for
$FFIV:
Market Context:
$FFIV closed at
$262.67, showing strong momentum with an RSI of 88.56, indicating overbought conditions. The 30-day moving average (MA30) is at
$242.33, suggesting a bullish trend, while the 50-day moving average (MA50) at
$268.99 indicates potential resistance ahead. The 60-day high of
$346.00 presents a significant upside target.
Directional Bias: Given the high RSI, a pullback could occur, but the strong upward trend and proximity to the 60-day high suggest a bullish bias in the short term.
Trade Plan:
- Suggested Entry:
$262.67
- Stop Loss:
$250.00 (4.8% below entry)
- Take Profit Targets:
1. Target 1:
$275.00 (4.7% gain)
2. Target 2:
$290.00 (10.4% gain)
3. Target 3:
$308.00 (17.3% gain)
This plan provides a balanced approach with a solid risk-reward ratio. Monitor the market closely for any signs of reversal.
https://privateprofiteers.com
