Dec. 6 at 3:18 AM
Actionable Trade Alert for
$GBTG:
Market Context:
$GBTG is currently trading at
$7.88, showing strength with an RSI of 70.52, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$7.63 and 50-day moving average (MA50) of
$7.77, suggesting bullish momentum. The 60-day high of
$8.64 provides a key resistance level.
Directional Bias: Given the current price action and RSI, there is a potential for a pullback before a continuation upward. However, the stock remains in a bullish trend as it is trading above both MAs.
Trade Plan:
- Suggested Entry:
$7.85
- Stop Loss:
$7.60 (3.2% below entry)
- Take Profit Targets:
1.
$8.10 (3.2% gain)
2.
$8.40 (7.0% gain)
3.
$9.20 (17% gain)
This plan provides a solid risk-reward ratio, aiming for a minimum of 17% ROI on the third target. Monitor price action closely around the stop loss.
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