Dec. 19 at 4:40 PM
$FROG Actionable Trade Alert:
Market Context:
$FROG is currently trading at
$65.72, showing bullish momentum with an RSI of 62.38, indicating it is not overbought yet. The 30-day moving average (MA30) is at
$62.26, suggesting strong support, while the 50-day moving average (MA50) at
$56.46 confirms an upward trend.
Directional Bias: The price is approaching the 60-day high of
$70.43, which presents a potential breakout opportunity. The distance from the current price to the 60D high indicates room for growth.
Trade Plan:
- Suggested Entry:
$66.00
- Stop Loss:
$63.00 (3.5% risk)
- Take Profit Targets:
1.
$68.00 (3.03% gain)
2.
$70.00 (6.06% gain)
3.
$77.00 (17.22% gain)
This plan offers a strong risk-reward ratio, capitalizing on the bullish trend while maintaining a manageable stop loss.
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