Dec. 15 at 6:22 AM
Actionable Trade Alert for
$GPC:
Market Context:
$GPC closed at
$131.55, showing strength above the 30-day moving average (MA30) of
$127.75 and the 50-day moving average (MA50) of
$129.84. The RSI at 56.67 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The current price is nearing the 60-day high of
$141.46, providing a favorable risk-reward scenario. The price is also well above the recent low of
$121.6, indicating a strong bullish trend.
Trade Plan:
- Suggested Entry:
$132.00
- Stop Loss:
$128.50 (3.5% risk)
- Take Profit Targets:
- Target 1:
$137.00 (3.8% gain)
- Target 2:
$141.00 (6.9% gain)
- Target 3:
$154.00 (17.0% gain)
This setup offers a potential ROI of over 17% on the third target while maintaining a reasonable risk. Monitor the trade closely and adjust as necessary.
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