Dec. 9 at 12:20 AM
Actionable Trade Alert for
$GBTG:
Market Context:
$GBTG is currently trading at
$7.64, showing bullish potential as it approaches its 60D high of
$8.64. The RSI at 62.34 indicates a strong momentum, suggesting further upside potential.
Directional Bias: The 30-day moving average (MA30) at
$7.62 is below the current price, indicating a positive trend. However, the 50-day moving average (MA50) at
$7.75 suggests resistance in the near term. Given the current price is near the upper range of the 60D high-low spectrum, a breakout above
$8.00 could trigger further buying.
Trade Plan:
- Suggested Entry:
$7.70 (slightly above current price for confirmation)
- Stop Loss:
$7.40 (below recent support)
- Take Profit Targets:
1.
$8.00 (4% gain)
2.
$8.30 (8.6% gain)
3.
$9.00 (17.7% gain)
This plan offers a potential ROI of 17% or more on the third target. Monitor closely for price action around resistance levels.
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