Dec. 8 at 11:46 PM
Actionable Trade Alert for
$GSAT:
Market Context:
$GSAT is currently trading at
$68.6, exhibiting bullish momentum with an RSI of 75.01, indicating overbought conditions. The stock is above key moving averages (MA30 at 57.11 and MA50 at 51.44), suggesting strong upward trend strength.
Directional Bias: Given the high RSI and proximity to the 60D High of
$70.83, a pullback may occur. However, the overall trend remains bullish, supported by the moving averages.
Trade Plan:
- Suggested Entry:
$68.6
- Stop Loss:
$65.0 (3.5% below entry)
- Take Profit Targets:
- TP1:
$72.0 (5.0% gain)
- TP2:
$75.0 (9.0% gain)
- TP3:
$80.0 (16.5% gain)
With a potential ROI of over 17% at TP3, this trade offers a favorable risk-reward ratio. Monitor for price action near the targets and adjust stop loss accordingly.
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