Dec. 19 at 3:43 PM
Actionable Trade Alert for
$GEHC:
Market Context:
$GEHC is currently trading at
$82.52, showing a stable position above the 30-day moving average (MA30) of
$78.78 and the 50-day moving average (MA50) of
$77.32. The RSI at 56.45 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is closer to the 60-day high of
$86.19, indicating bullish sentiment. The distance from the 60-day low of
$69.79 also supports the upward bias.
Trade Plan:
- Suggested Entry:
$82.52
- Stop Loss:
$80.37 (1 ATR below the entry)
- Take Profit Targets:
1.
$85.00 (3% gain)
2.
$87.50 (6.5% gain)
3.
$96.70 (17% gain)
The third target aligns with the bullish trend and provides a solid risk-reward ratio. Monitor price action closely for any adjustments.
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