Dec. 12 at 12:07 AM
Actionable Trade Alert for
$FNB:
Market Context:
$FNB is currently experiencing strong momentum, as indicated by a high RSI of 91.34, suggesting overbought conditions. However, this can also lead to further upward movement before a potential correction. The last close was
$17.68, near the 60D high of
$17.75, indicating a resistance level.
Directional Bias: The short-term trend is bullish, supported by the 30-day moving average (MA30) at
$16.28 and the 50-day moving average (MA50) at
$16.04. The price is significantly above these MAs, reinforcing a bullish sentiment.
Trade Plan:
- Suggested Entry:
$17.70 (slightly above last close)
- Stop Loss:
$16.80 (below MA30)
- Take Profit Targets:
1.
$18.00 (1.69% ROI)
2.
$18.50 (4.59% ROI)
3.
$20.75 (17.65% ROI)
This plan aims for a minimum 17% ROI on the third target while managing risk with a stop loss.
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