Dec. 11 at 11:56 PM
Actionable Trade Alert for
$HESM:
Market Context:
$HESM is currently trading at
$34.61, exhibiting strong bullish momentum as indicated by an RSI of 71.13, suggesting overbought conditions. The stock is above its 30-day MA of
$33.54 and 50-day MA of
$33.42, which typically supports a bullish bias.
Directional Bias: The recent price action shows a high of
$39.56 within the last 60 days, indicating potential upside. However, the RSI suggests a correction may be imminent, so caution is warranted.
Trade Plan:
- Suggested Entry:
$34.61
- Stop Loss:
$32.50 (approximately 6.1% below entry)
- Take Profit Targets:
1. Target 1:
$36.00 (4.0% ROI)
2. Target 2:
$37.50 (5.5% ROI)
3. Target 3:
$40.50 (17.3% ROI)
With a robust take profit strategy and a reasonable stop loss, this trade offers a favorable risk-reward ratio. Monitor the stock closely for any signs of reversal.
For more insights, visit https://privateprofiteers.com.
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