Dec. 5 at 11:01 PM
Actionable Trade Alert for
$FLNC:
Market Context:
$FLNC is currently trading at
$23.34, showing strong bullish momentum as indicated by an RSI of 77.63, suggesting overbought conditions. The stock is above its 30-day moving average (MA30) of 18.9 and 50-day moving average (MA50) of 17.38, reinforcing a bullish trend.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$23.74, a pullback may occur. However, the overall trend remains bullish, and we can capitalize on potential price movements.
Trade Plan:
- Suggested Entry:
$23.34
- Stop Loss:
$21.50 (approx. 7.85% below entry)
- Take Profit Targets:
1.
$24.00 (2.83% gain)
2.
$25.00 (7.13% gain)
3.
$27.00 (15.44% gain)
With the third target offering a potential ROI of 15.44%, a slight adjustment in entry or stop can help achieve the desired 17% ROI. Monitor closely for price action near the targets.
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