Dec. 17 at 2:32 AM
Actionable Trade Alert for
$HPE
Market Context:
$HPE is currently trading at
$24.28, with a strong RSI of 75.44 indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$22.74 and 50-day moving average (MA50) of
$23.32, suggesting bullish momentum. However, the high of
$26.44 from the last 60 days indicates potential resistance.
Directional Bias: The strong RSI suggests caution, but the stock's position above key MAs and the recent high indicates a bullish trend.
Trade Plan:
- Suggested Entry:
$24.00
- Stop Loss:
$22.50 (approximately 6.2% below entry)
- Take Profit Targets:
1.
$25.00 (approx. 4.2% gain)
2.
$26.00 (approx. 8.3% gain)
3.
$28.50 (approx. 17.6% gain)
Target 3 offers a potential ROI of over 17%, making this a compelling trade. Monitor for volatility given the ATR of 0.9.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
