Dec. 8 at 11:09 PM
Actionable Trade Alert for
$GEN:
Market Context:
$GEN is currently trading at
$26.89, showing a bullish sentiment as indicated by an RSI of 59.69, which suggests upward momentum. The price is above the 30-day moving average (MA30) of
$26.41 but slightly below the 50-day moving average (MA50) of
$26.77, indicating potential for a breakout.
Directional Bias: The RSI indicates that
$GEN is approaching overbought territory but still has room to run. The recent high of
$29.25 suggests a target potential, while the low of
$24.35 provides a solid risk management baseline.
Trade Plan:
- Suggested Entry:
$26.90
- Stop Loss:
$25.80 (1.5% below entry)
- Take Profit Targets:
1.
$27.80 (3.3% gain)
2.
$28.50 (6.6% gain)
3.
$31.50 (17.5% gain)
With this plan, the third target offers a potential ROI of over 17%, making it a compelling trade.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
