Dec. 15 at 6:02 AM
Actionable Trade Alert:
$HIG
Market Context:
$HIG is currently trading at
$135.3, showing a neutral RSI of 46.2, suggesting a lack of strong momentum. The price is above the 30-day MA of
$132.23 and the 50-day MA of
$130.27, indicating a potential bullish bias. The 60-day high is
$138.64, providing a resistance level, while the low is
$120.33, establishing a support range.
Directional Bias: With the price above the short-term MAs and the proximity to the 60D high, there is a bullish sentiment. However, the RSI indicates caution as it is not in overbought territory.
Trade Plan:
- Suggested Entry:
$135.5 (slightly above the last close)
- Stop Loss:
$132.0 (below the 30-day MA)
- Take Profit Targets:
1.
$138.0 (2% gain)
2.
$140.0 (3.5% gain)
3.
$158.0 (17% gain)
This plan targets a significant upside while managing risk effectively.
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