Dec. 19 at 4:41 PM
Actionable Trade Alert for
$HLNE:
Market Context:
$HLNE is currently trading at
$133.71, showing bullish momentum but nearing overbought conditions with an RSI of 69.9. The stock is above its 30-day MA of 127.34 and 50-day MA of 124.03, indicating a strong upward trend.
Directional Bias: The RSI suggests potential overbought conditions, but the stock remains above key moving averages, supporting a bullish outlook. The 60-day high of
$142.34 provides a resistance level, while the low of
$111.98 offers a solid support base.
Trade Plan:
- Suggested Entry:
$134.00
- Stop Loss:
$129.00 (approx. 3.7% risk)
- Take Profit Targets:
1.
$140.00 (Target 1, 4.5% gain)
2.
$145.00 (Target 2, 8.3% gain)
3.
$157.00 (Target 3, 17.5% gain)
This plan leverages the bullish trend while managing risk effectively. Monitor the price action closely, especially around the 60D high.
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