Dec. 6 at 3:32 AM
Actionable Trade Alert for
$GFF:
Market Context:
$GFF closed at
$73.25, showing a stable price within a defined range. The 60D high of
$80.34 indicates potential upside, while the low of
$65.01 provides a solid support level.
Directional Bias: With an RSI of 56.57,
$GFF is neither overbought nor oversold, suggesting a balanced market sentiment. The current price is above the 30-day moving average (MA30) of
$72.92 but slightly below the 50-day moving average (MA50) of
$74.00, indicating a potential bullish reversal if it breaks above the MA50.
Trade Plan:
- Suggested Entry:
$73.50 (slightly above the last close)
- Stop Loss:
$70.50 (below recent support)
- Take Profit Targets:
1.
$76.00 (4% gain)
2.
$78.00 (6.5% gain)
3.
$85.00 (16% gain)
This plan targets over 17% ROI on the third target, capitalizing on the potential upward movement within the recent high-low range.
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