Dec. 10 at 4:17 AM
Actionable Trade Alert for
$GKOS:
Market Context:
$GKOS is currently trading at
$106.87, showing strong momentum as indicated by an RSI of 80.06, suggesting it is overbought. However, the price is near the 60D high of
$112.00, indicating potential resistance ahead.
Directional Bias: The bullish trend is supported by the MA30 at
$94.82 and MA50 at
$89.86, both below the current price. The significant gap between the price and MAs suggests continued upward momentum, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$106.87
- Stop Loss:
$102.00 (approx. 4.0% below entry)
- Take Profit Targets:
1.
$110.00 (approx. 2.0% gain)
2.
$112.00 (approx. 4.0% gain)
3.
$125.00 (approx. 17.0% gain)
This plan provides a clear strategy with a favorable risk-reward ratio, targeting significant upside while managing risk effectively.
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