Dec. 10 at 4:21 AM
Actionable Trade Alert for
$HRI:
Market Context:
$HRI is currently trading at
$142.74, showing strong momentum but also an overbought condition with an RSI of 76.03. The price is above the 30-day MA of 135.56 and the 50-day MA of 131.56, indicating bullish sentiment. However, the high of
$150.79 in the last 60 days suggests potential resistance ahead.
Directional Bias: The bullish trend is supported by the moving averages, but the high RSI indicates a pullback may occur. Monitor for a correction before entering a position.
Trade Plan:
- Suggested Entry:
$140.00 (on a slight pullback)
- Stop Loss:
$135.00 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$145.00 (3% gain)
2. Target 2:
$150.00 (5% gain)
3. Target 3:
$167.00 (17% gain)
This plan aims for a minimum of 17% ROI on the third target while managing risk effectively.
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