Dec. 5 at 10:51 PM
$FSK Trade Alert:
Market Context:
$FSK is currently trading at
$15.55, showing a balanced RSI of 49.32, indicating neither overbought nor oversold conditions. The stock is above its 30-day moving average (MA30) of
$15.42 and 50-day moving average (MA50) of
$15.20, suggesting a potential bullish trend.
Directional Bias: The price is positioned within the 60-day high of
$17.90 and low of
$14.05, providing a range for potential upward movement. The ATR of 0.34 indicates moderate volatility.
Trade Plan:
- Suggested Entry:
$15.60
- Stop Loss:
$14.90 (4.5% risk)
- Take Profit Targets:
1.
$16.00 (2.6% gain)
2.
$16.75 (7.7% gain)
3.
$18.20 (17.0% gain)
This trade plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk. Monitor closely for market shifts.
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