Dec. 11 at 11:14 PM
Actionable Trade Alert for
$GWRE:
Market Context:
$GWRE closed at
$204.41, currently trading below its 30-day moving average (MA30) of
$215.5 and 50-day moving average (MA50) of
$226.19. The RSI at 42.99 indicates a neutral to slightly bearish sentiment, suggesting potential for upward movement if buying pressure increases.
Directional Bias: With the price near the 60-day low of
$195.23, there is a possibility of a rebound. The ATR of 7.81 indicates moderate volatility, providing room for price fluctuations.
Trade Plan:
- Suggested Entry:
$205.00
- Stop Loss:
$197.00 (approx. 3.4% risk)
- Take Profit Targets:
1. TP1:
$215.00 (approx. 4.9% gain)
2. TP2:
$225.00 (approx. 9.7% gain)
3. TP3:
$240.00 (approx. 17.4% gain)
This plan aims for a minimum of 17% ROI on TP3 while managing risk effectively. Monitor price action closely for adjustments.
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