Dec. 8 at 11:07 PM
Actionable Trade Alert for
$GPC:
Market Context:
$GPC closed at
$129.69, showing a strong position within its recent trading range. The RSI at 60.73 indicates bullish momentum, while the proximity to the 60D high of
$142.11 suggests potential for upward movement.
Directional Bias: The current price is above the MA30 (127.7) but below the MA50 (130.53), indicating mixed signals. However, the bullish RSI and recent price action favor an upward bias.
Trade Plan:
- Suggested Entry:
$130.00 (above MA50 for confirmation)
- Stop Loss:
$126.50 (below MA30 for safety)
- Take Profit Targets:
1.
$135.00 (approx. 3.8% gain)
2.
$140.00 (approx. 7.9% gain)
3.
$152.00 (approx. 17.1% gain)
This plan allows for a solid risk-reward ratio, with a potential ROI of over 17% on the third target. Monitor price action closely for adjustments.
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