Dec. 6 at 1:27 AM
Actionable Trade Alert for
$HOOD:
Market Context:
$HOOD is currently trading at
$137.08, showing strength with an RSI of 61.72, indicating bullish momentum. The price is above the 30-day MA of 129.79 and the 50-day MA of 132.98, suggesting a positive trend. The recent high of 153.86 indicates potential upside.
Directional Bias: Bullish. The RSI indicates momentum is still strong, and the price is above key moving averages, which supports upward movement.
Trade Plan:
- Suggested Entry:
$138.00
- Stop Loss:
$130.00 (approximately 5.8% below entry)
- Take Profit Targets:
1.
$145.00 (5.1% ROI)
2.
$150.00 (8.7% ROI)
3.
$160.00 (16.8% ROI)
With the potential for a 17% ROI on the third target, this trade aligns with the current market conditions and technical indicators.
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