Dec. 6 at 2:05 AM
Actionable Trade Alert for
$GWRE:
Market Context:
$GWRE is currently trading at
$211.07, showing a potential for upward movement based on recent price action and technical indicators. The RSI at 40.25 indicates that the stock is not overbought, suggesting room for growth.
Directional Bias: The stock is below both the 30-day MA (223.35) and 50-day MA (229.07), indicating a bearish trend. However, the proximity to the 60D low (204.08) suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$211.07
- Stop Loss:
$204.00 (below the 60D low)
- Take Profit Targets:
1.
$223.00 (5.6% ROI)
2.
$235.00 (11.3% ROI)
3.
$247.00 (17% ROI)
With the current ATR of 7.57, these targets are achievable within a reasonable timeframe. Monitor price action closely to adjust the stop loss as needed.
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