Dec. 15 at 6:42 AM
Actionable Trade Alert for
$FHN:
Market Context:
$FHN is currently trading at
$23.59, showing strong momentum with an RSI of 75.62, indicating overbought conditions. However, the price remains above the 30-day moving average (MA30) of
$22.04 and the 50-day moving average (MA50) of
$21.84, suggesting bullish sentiment in the short term.
Directional Bias: The recent high of
$24.11 indicates potential resistance, while the low of
$19.80 provides a solid support level. The current price position suggests a bullish bias, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$23.60
- Stop Loss:
$22.80 (1.7% below entry)
- Take Profit Targets:
- Target 1:
$24.00 (1.7% ROI)
- Target 2:
$24.50 (3.8% ROI)
- Target 3:
$27.60 (17% ROI)
Monitor price action closely and adjust stop loss as targets are reached.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
