Dec. 17 at 3:34 AM
Actionable Trade Alert for
$FND:
Current market context indicates a bearish sentiment as the last close is
$61.44, with an RSI of 41.22, suggesting potential for upward movement as it is below the neutral level of 50. The price is also near the lower end of the 60-day range (high of
$83.89 and low of
$55.11), indicating a possible reversal opportunity. The 30-day moving average (MA30) at
$61.53 is slightly above the current price, while the 50-day moving average (MA50) at
$64.71 suggests resistance above.
Suggested Trade Plan:
- Entry:
$61.50
- Stop Loss:
$58.50 (approx. 4.86% risk)
- Take Profit Targets:
1.
$65.00 (Target 1, approx. 5.73% ROI)
2.
$70.00 (Target 2, approx. 13.45% ROI)
3.
$72.00 (Target 3, approx. 17.14% ROI)
The targets are set based on resistance levels and potential recovery from the current RSI position. Monitor closely for market movements.
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