Dec. 6 at 3:44 AM
$HP Trade Alert:
Market Context: The last close was
$30.07, with an RSI of 68.59 indicating overbought conditions. The 60D high is
$30.46, suggesting resistance near this level. The moving averages (MA30 at
$27.05 and MA50 at
$25.42) indicate a bullish trend, but the RSI suggests a potential pullback.
Directional Bias: Given the high RSI and proximity to the 60D high, we expect short-term volatility. However, the strong MAs indicate underlying bullish momentum, allowing for a tactical entry.
Trade Plan:
- Suggested Entry:
$30.10 (slightly above the last close)
- Stop Loss:
$28.50 (below MA30 for risk management)
- Take Profit Targets:
1.
$31.00 (2.95% gain)
2.
$32.00 (6.29% gain)
3.
$35.00 (16.61% gain)
This plan provides a potential ROI of over 17% on the third target while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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