Dec. 10 at 4:25 AM
Actionable Trade Alert for
$FLG:
Market Context:
$FLG is currently trading at
$12.7, showing strong momentum with an RSI of 90.48, indicating overbought conditions. However, the stock has recently been trending upward, suggesting potential for further gains. The 60D high of
$13.11 presents a key resistance level, while the low of
$10.57 provides a solid support base.
Directional Bias: The bullish sentiment is supported by the MA30 at
$11.58 and MA50 at
$11.64, both below the current price, indicating upward momentum. The ATR of 0.36 suggests lower volatility, which may favor a sustained move.
Trade Plan:
- Suggested Entry:
$12.70
- Stop Loss:
$12.00 (5.51% below entry)
- Take Profit Targets:
1.
$13.00 (2.36% ROI)
2.
$13.50 (6.30% ROI)
3.
$14.85 (17.05% ROI)
This plan offers a favorable risk-reward ratio, targeting significant upside while maintaining a reasonable stop loss.
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