Dec. 5 at 10:12 PM
Actionable Trade Alert for
$HQY:
Market Context:
$HQY is currently trading at
$95.67, with the RSI at 42.32 indicating a neutral to slightly bearish sentiment. The stock is below its 30-day moving average (MA30) of 98.74 and the 50-day moving average (MA50) of 96.25, suggesting potential downward pressure. However, the 60-day high of 105.96 and low of 87.58 indicate significant volatility, presenting trading opportunities.
Directional Bias: Given the current RSI and position relative to MAs, we anticipate a possible reversal or upward movement towards the MA levels.
Trade Plan:
- Suggested Entry:
$95.67
- Stop Loss:
$91.00 (4.7% below entry)
- Take Profit Targets:
1.
$100.00 (4.8% gain)
2.
$103.00 (7.5% gain)
3.
$112.00 (17% gain)
This plan provides a clear risk-reward ratio with the potential for a 17% ROI on the third target. Monitor closely for price action around the MAs.
For more insights, visit https://privateprofiteers.com.
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