Dec. 6 at 1:49 AM
$FIX Actionable Trade Alert:
Market Context:
$FIX is currently trading at
$1004.65, showing strong momentum with an RSI of 67.97, indicating it is nearing overbought territory. The price is above both the 30-day MA of 949.65 and the 50-day MA of 899.28, suggesting bullish sentiment. The recent high of
$1020.26 indicates potential resistance, while the low of
$751.85 provides a solid support base.
Directional Bias: Given the current price action and the proximity to the 60D high, we anticipate a pullback or consolidation before a potential breakout.
Trade Plan:
- Suggested Entry:
$1005.00
- Stop Loss:
$970.00 (3.5% risk)
- Take Profit Targets:
1.
$1020.00 (1.5% gain)
2.
$1050.00 (4.5% gain)
3.
$1170.00 (16.5% gain)
This plan offers a minimum potential ROI of 17% on the third target while maintaining a favorable risk-reward ratio.
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