Dec. 12 at 12:52 AM
Actionable Trade Alert for
$FLY:
Market Context:
$FLY is currently trading at
$23.5, with a high RSI of 80.35, indicating overbought conditions. The 30-day moving average (MA30) is at
$19.88, while the 50-day moving average (MA50) is at
$23.08, suggesting a potential pullback or consolidation. The recent 60-day high is
$49.59, indicating significant upside potential, while the low is
$16.0.
Directional Bias: Given the high RSI, there may be short-term selling pressure. However, the proximity to the MA50 suggests a support level. The price is above both MAs, indicating a bullish trend, but caution is warranted due to the overbought condition.
Trade Plan:
- Suggested Entry:
$23.5
- Stop Loss:
$21.5 (approx. 8.5% risk)
- Take Profit Targets:
1.
$26.0 (10.6% ROI)
2.
$28.5 (21.3% ROI)
3.
$27.5 (17% ROI)
Monitor for price action around the MAs for potential adjustments.
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