Dec. 15 at 6:52 AM
Actionable Trade Alert for
$FRT:
Market Context:
$FRT is currently trading at
$99.58, showing bullish momentum as indicated by an RSI of 57.75, which suggests that the asset is not overbought. The 30-day moving average (MA30) is at
$97.26, and the 50-day moving average (MA50) is at
$97.71, both below the current price, indicating a positive trend. The recent high of
$101.94 suggests room for upward movement.
Directional Bias: With the RSI indicating strength and the price above both MAs, the bias is bullish. The 60-day high of
$101.94 provides a target for profit-taking.
Trade Plan:
- Suggested Entry:
$99.58
- Stop Loss:
$97.00 (approximately 2.6% below entry)
- Take Profit Targets:
1.
$101.00 (Target 1: 2.4% ROI)
2.
$102.50 (Target 2: 2.9% ROI)
3.
$116.00 (Target 3: 16.5% ROI)
This plan allows for a strategic approach with a solid risk-reward ratio.
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