Dec. 11 at 11:28 PM
Actionable Trade Alert for
$HLI:
Market Context:
$HLI is currently trading at
$178.1, showing strength but approaching overbought conditions with an RSI of 65.06. The stock is near its 30-day moving average (MA30) of
$178.16, indicating potential resistance. The 60-day high of
$211.78 presents a target for upward momentum, while the low of
$169.99 suggests support.
Directional Bias: The RSI indicates a bullish trend, but caution is warranted due to proximity to MA30 and the high RSI. The stock has room to move towards the 60D high, but profit-taking may occur at key levels.
Trade Plan:
- Suggested Entry:
$179.00
- Stop Loss:
$175.00 (Risking
$4.00)
- Take Profit Targets:
1. TP1:
$185.00 (Target 1, 3.5% ROI)
2. TP2:
$200.00 (Target 2, 11.7% ROI)
3. TP3:
$210.00 (Target 3, 17.9% ROI)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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