Dec. 12 at 12:39 AM
$HAYW Trade Alert:
Current market context shows
$HAYW closing at
$16.06, with a strong RSI of 67.09 indicating potential overbought conditions. However, the price is above the 30-day moving average (MA30) of
$16.04 and the 50-day moving average (MA50) of
$15.8, suggesting a bullish trend. The recent 60-day high of
$17.73 provides a target for potential gains.
Action Plan:
- Suggested Entry:
$16.10 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$15.70 (below MA50 for risk management)
- Take Profit Targets:
1. Target 1:
$16.80 (4.3% gain)
2. Target 2:
$17.30 (7.5% gain)
3. Target 3:
$18.50 (15.2% gain, achieving over 17% ROI)
With the current upward momentum and proximity to the 60D high, this trade plan aims to capitalize on potential price appreciation while managing risk effectively.
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