Dec. 11 at 11:28 PM
$GLPI: Current market context shows a recent close at
$42.06, with RSI at 42.72 indicating a neutral to slightly bearish momentum. The stock is trading below both the 30-day MA (43.62) and the 50-day MA (44.21), suggesting potential resistance levels above. The 60-day high of
$47.49 provides a target for bullish sentiment, while the 60-day low of
$41.17 offers a support level to watch.
Directional bias leans slightly bearish due to the RSI and moving averages positioning. However, a reversal could be possible if the price breaks above the 30-day MA.
Actionable Trade Plan:
- Suggested Entry:
$42.50 (above current close)
- Stop Loss:
$41.00 (below recent low)
- Take Profit Targets:
1.
$44.00 (1st target, 3.5% ROI)
2.
$45.50 (2nd target, 8.7% ROI)
3.
$49.00 (3rd target, 16.5% ROI)
This plan aims for a potential 16.5% ROI on the third target, with a defined risk.
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