Dec. 10 at 4:22 AM
$GOLF Actionable Trade Alert:
Market Context:
$GOLF is currently trading at
$83.34, showing strong momentum as indicated by an RSI of 72.64, suggesting overbought conditions. The price is above both the 30-day MA (80.6) and the 50-day MA (80.5), indicating bullish sentiment. However, caution is advised due to the high RSI.
Directional Bias: The recent price action is near the 60-day high of
$85.95, creating a potential resistance zone. The low of
$73.09 provides a clear support level.
Trade Plan:
- Suggested Entry:
$83.50 (slightly above current close for confirmation)
- Stop Loss:
$80.00 (below the 30-day MA)
- Take Profit Targets:
1.
$85.00 (approx. 1.8% gain)
2.
$86.50 (approx. 3.0% gain)
3.
$97.00 (approx. 16.4% gain, targeting over 17% ROI)
Monitor the price action closely, especially near resistance levels. If momentum shifts, consider adjusting the stop loss to lock in profits.
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