Dec. 12 at 12:35 AM
Actionable Trade Alert for
$FTDR:
Market Context:
$FTDR is currently trading at
$54.97, exhibiting strong momentum. The RSI at 75.17 indicates it is overbought, suggesting a potential pullback. However, the price is above the 30-day moving average (MA30) of
$53.96, indicating bullish sentiment.
Directional Bias: The price is near the 60-day high of
$70.14, which could act as a resistance level. The 50-day moving average (MA50) at
$59.09 supports a bullish outlook but may also indicate a potential reversal if the price fails to break through.
Trade Plan:
- Suggested Entry:
$54.97
- Stop Loss:
$52.00 (approximately 5.4% below entry)
- Take Profit Targets:
1.
$58.00 (target 1, 5.7% ROI)
2.
$62.00 (target 2, 12.5% ROI)
3.
$64.50 (target 3, 17.4% ROI)
This plan allows for a solid risk-reward ratio with a focus on the potential for significant gains while managing risk effectively.
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