Dec. 9 at 12:13 AM
Actionable Trade Alert for
$GHC
Market Context:
$GHC is currently trading at
$1078.6, showing strong momentum as it approaches the 60D high of
$1200. The RSI at 62.13 indicates bullish momentum but is nearing overbought territory. The MA30 and MA50 are both below the current price, suggesting upward strength.
Directional Bias: Given the current price is above both the MA30 (1066.59) and MA50 (1061.44), along with the proximity to the 60D high, the bias is bullish. The ATR of 32.7 indicates potential volatility, allowing for significant price movement.
Trade Plan:
- Suggested Entry:
$1079
- Stop Loss:
$1045 (3.14% below entry)
- Take Profit Targets:
1.
$1125 (Target 1: 4.26% gain)
2.
$1150 (Target 2: 6.60% gain)
3.
$1260 (Target 3: 16.78% gain)
This trade plan provides a potential ROI of over 17% on the third target while maintaining a manageable risk.
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