Dec. 6 at 2:31 AM
$HL Actionable Trade Alert:
Market Context:
$HL is currently trading at
$16.82, showing strong upward momentum. The RSI at 64.35 indicates bullish momentum but is nearing overbought territory. The stock is well above its 30-day MA of 14.27 and 50-day MA of 13.7, suggesting a strong bullish trend.
Directional Bias: The price is approaching the 60-day high of 18.12, indicating potential for further gains. The distance from the 60-day low of 10.38 reinforces the bullish sentiment.
Trade Plan:
- Suggested Entry:
$16.82
- Stop Loss:
$15.50 (approx. 7.8% risk)
- Take Profit Targets:
1.
$17.50 (4% gain)
2.
$18.00 (7% gain)
3.
$19.67 (17.3% gain)
With the third target hitting over 17% ROI, this trade plan offers a favorable risk-reward ratio. Monitor RSI for potential pullbacks.
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