Dec. 10 at 4:27 AM
Actionable Trade Alert for
$GVA:
Market Context:
$GVA closed at
$108.42, showing strong momentum with an RSI of 79.96, indicating overbought conditions. The stock is trading above its 30-day MA of 103.98 and 50-day MA of 104.90, suggesting bullish sentiment. However, the high of
$111.71 within the last 60 days indicates potential resistance.
Directional Bias: The current price is near the upper end of the 60-day range (
$97.26 -
$111.71). Given the high RSI, a pullback could occur, but the overall trend remains bullish due to the moving averages.
Suggested Trade Plan:
- Entry:
$108.42
- Stop Loss:
$106.00 (approximately 2.24% below entry)
- Take Profit Targets:
1.
$111.00 (2.39% gain)
2.
$113.00 (4.83% gain)
3.
$127.00 (17.14% gain)
With this plan, the potential for a 17% ROI or more exists at the third target. Monitor for volatility due to the ATR of 2.37.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
