Dec. 10 at 3:03 AM
Actionable Trade Alert for
$HPE:
Market Context:
$HPE is currently trading at
$24.77, exhibiting strong momentum with an RSI of 84.13, indicating it is overbought. The stock is above both the 30-day MA of 22.74 and the 50-day MA of 23.35, suggesting bullish sentiment. The recent 60-day high of 26.44 provides a potential resistance level.
Directional Bias: Given the high RSI and proximity to the 60D high, a pullback could occur, but the overall trend remains bullish due to the moving averages.
Trade Plan:
- Suggested Entry:
$24.77
- Stop Loss:
$23.50 (approx. 5.1% below entry)
- Take Profit Targets:
1. TP1:
$25.50 (approx. 2.9% gain)
2. TP2:
$26.00 (approx. 4.7% gain)
3. TP3:
$29.00 (approx. 17.3% gain)
This plan provides a solid risk-reward ratio, aiming for a minimum of 17% ROI on TP3 while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
