Dec. 11 at 11:47 PM
Actionable Trade Alert for
$HQY:
Market Context:
$HQY closed at
$97.25, showing a neutral RSI of 42.63, indicating potential for upward movement. The current price is near the MA50 of 96.24, suggesting support, while the MA30 at 98.55 indicates resistance. The stock is trading within a 60-day high of 105.96 and a low of 87.58, giving a range for potential price movement.
Directional Bias: Given the RSI is below 50 and the price is near the MA50, we have a cautious bullish bias. A breakout above the MA30 could signal a reversal.
Trade Plan:
- Suggested Entry:
$97.50 (above MA30)
- Stop Loss:
$94.00 (below recent support)
- Take Profit Targets:
1.
$100.00 (3% gain)
2.
$103.00 (6% gain)
3.
$114.00 (17% gain)
This plan positions for a potential upward move while managing risk effectively.
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