Dec. 12 at 12:39 AM
Actionable Trade Alert for
$GNW:
Current market context shows
$GNW closing at
$9.01 with an RSI of 80.18, indicating overbought conditions. The 30-day moving average (MA30) is at
$8.59, and the 50-day moving average (MA50) is at
$8.61, both suggesting a bullish trend. However, the high of
$9.15 in the last 60 days indicates potential resistance.
Directional bias is cautiously bullish due to the strong upward momentum but tempered by the high RSI, which may lead to a pullback.
Suggested Trade Plan:
- Entry:
$9.01
- Stop Loss:
$8.75 (2.89% below entry)
- Take Profit Targets:
1. Target 1:
$9.10 (1% gain)
2. Target 2:
$9.25 (2.66% gain)
3. Target 3:
$10.55 (17.18% gain)
Target 3 provides an attractive ROI, capitalizing on potential upward movement while managing risk with a defined stop loss. Monitor RSI for signs of reversal.
For more insights, visit https://privateprofiteers.com.
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