Dec. 12 at 12:42 AM
$GTM: Current market context shows a strong bullish sentiment with the last close at
$9.91, but the RSI at 74.93 indicates overbought conditions. The price is below both the 30-day MA of
$10.19 and the 50-day MA of
$10.36, suggesting potential resistance levels. The 60D high of
$12.31 provides a target for upward movement, while the 60D low of
$8.94 offers a support reference.
Actionable Trade Plan:
- Suggested Entry:
$10.00 (break above the 30-day MA)
- Stop Loss:
$9.50 (5% below entry)
- Take Profit Targets:
- Target 1:
$11.00 (10% ROI)
- Target 2:
$11.50 (15% ROI)
- Target 3:
$11.60 (17% ROI)
Directional bias is bullish, but caution is advised due to the high RSI. Monitor price action closely after entry for potential adjustments.
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