Dec. 11 at 11:48 PM
Actionable Trade Alert for
$FIVE:
Market Context:
$FIVE closed at
$183.82, near its 60D high of
$184.57, indicating strong upward momentum. However, the RSI at 84.13 suggests overbought conditions, which may lead to a pullback.
Directional Bias: The bullish trend is supported by the MA30 (159.11) and MA50 (156.95), both below the current price, indicating strong support levels. The high-low range shows significant volatility, with a 60D low of
$137.77.
Trade Plan:
- Suggested Entry:
$183.00
- Stop Loss:
$177.00 (approx. 3.8% risk)
- Take Profit Targets:
1. TP1:
$190.00 (3.4% gain)
2. TP2:
$195.00 (6.1% gain)
3. TP3:
$215.00 (17% gain)
This trade plan allows for a favorable risk-reward ratio, especially with a potential 17% ROI on TP3. Monitor the RSI and price action closely for any signs of reversal.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
