Dec. 6 at 2:06 AM
Actionable Trade Alert for
$GPN:
Market Context:
$GPN is currently trading at
$79.74, showing strength as it approaches the 60D high of
$89.58. The RSI at 65.29 indicates bullish momentum but is nearing overbought territory. The stock is above its 30-day moving average (MA30) of
$77.51, suggesting a positive short-term trend, but slightly below its 50-day moving average (MA50) of
$80.87, indicating potential resistance.
Directional Bias: The proximity to the 60D high and the bullish sentiment from the RSI suggests a potential upward movement, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$79.75
- Stop Loss:
$77.00 (risking
$2.75)
- Take Profit Targets:
1.
$82.00 (Target 1: 2.83% ROI)
2.
$85.00 (Target 2: 6.42% ROI)
3.
$93.00 (Target 3: 16.58% ROI)
This plan offers a risk-reward ratio that aligns with our ROI target. Monitor the trade closely as it approaches resistance levels.
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