Dec. 6 at 2:08 AM
Actionable Trade Alert for
$GPC:
Market Context:
$GPC is currently trading at
$130.33, showing a strong upward momentum with an RSI of 58.67, indicating bullish sentiment but not yet overbought. The stock is above its 30-day moving average (MA30) of
$127.85, suggesting short-term strength, while the 50-day moving average (MA50) of
$130.81 indicates a potential resistance level.
Directional Bias: The price is positioned well within the 60-day high of
$143.1 and low of
$121.6, providing a favorable trading range. The ATR of 2.29 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$130.50
- Stop Loss:
$127.00 (3.9% below entry)
- Take Profit Targets:
1.
$135.00 (3.4% gain)
2.
$140.00 (7.3% gain)
3.
$152.00 (16.5% gain)
With a focus on the upward trend and favorable RSI, this trade offers a potential ROI of over 17% on the third target.
For more insights, visit https://privateprofiteers.com.
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