Dec. 17 at 3:59 AM
Actionable Trade Alert for
$HCC:
Market Context:
$HCC is currently trading at
$83.55, showing bullish momentum as indicated by the RSI of 66.33, which suggests it is nearing overbought conditions. The stock is above its 30-day moving average (MA30) of 78.96 and 50-day moving average (MA50) of 73.49, reinforcing a bullish bias.
Directional Bias: The recent price action is strong, with the 60-day high at
$85.86 indicating potential upside. However, caution is warranted as the RSI approaches overbought territory.
Trade Plan:
- Suggested Entry:
$83.55
- Stop Loss:
$80.36 (below recent support)
- Take Profit Targets:
1. Target 1:
$85.00 (2% gain)
2. Target 2:
$87.50 (4% gain)
3. Target 3:
$98.00 (17% gain)
This plan allows for a solid risk-reward ratio, aiming for a minimum of 17% ROI on the third target while managing risk effectively.
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