Dec. 19 at 4:08 PM
$H: The current market context shows a last close at
$162.56, with an RSI of 47.34 indicating a neutral stance. The price is above the 30-day MA of
$157.52 and significantly above the 50-day MA of
$152.31, suggesting a bullish bias. The recent high of
$167.99 indicates potential resistance, while the low of
$134.18 provides a solid support base.
Actionable Trade Plan:
- Suggested Entry:
$162.56
- Stop Loss:
$158.00 (below the 30-day MA)
- Take Profit Targets:
1.
$167.00 (approx. 2.7% ROI)
2.
$170.00 (approx. 4.5% ROI)
3.
$190.00 (approx. 17% ROI)
With the ATR at 4.54, the price movement allows for these targets to be achievable within a reasonable timeframe. The bullish bias, supported by the moving averages and recent price action, provides a favorable risk-reward scenario.
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