Dec. 10 at 3:50 AM
Actionable Trade Alert for
$FRT:
Market Context:
$FRT is currently trading at
$96.93, positioned near its 30-day moving average (MA30) of
$97.01, indicating a potential reversal point. The RSI at 50.89 suggests a neutral market sentiment, giving room for upward movement.
Directional Bias: The price is close to the 60-day high of
$101.94, which provides a bullish bias. However, with the 60-day low at
$90.03, there's a significant range for potential gains. The MA50 at
$97.8 indicates short-term resistance, while the ATR of 1.39 suggests moderate volatility.
Trade Plan:
- Suggested Entry:
$97.00
- Stop Loss:
$94.50 (approximately 2.58% below entry)
- Take Profit Targets:
- TP1:
$100.00 (3.09% gain)
- TP2:
$102.00 (5.15% gain)
- TP3:
$113.00 (16.56% gain)
This plan offers a potential ROI of over 17% on TP3 while maintaining a manageable risk. Monitor closely for price action around the MA levels.
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