Dec. 8 at 10:48 PM
Actionable Trade Alert for
$HSY:
Market Context:
$HSY closed at
$181.32, showing a solid position within its recent trading range. The RSI at 55.51 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement. The price is above the 30-day moving average (MA30) of
$178.26, indicating short-term strength, but below the 50-day moving average (MA50) of
$182.48, which could act as resistance.
Directional Bias: The current price is closer to the 60-day high of
$197.12, indicating bullish potential. The ATR of 3.38 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$182.00
- Stop Loss:
$178.00 (below MA30)
- Take Profit Targets:
1.
$185.00 (1.1% gain)
2.
$190.00 (4.9% gain)
3.
$212.00 (17% gain)
This plan aligns with the upward momentum and respects key support and resistance levels.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
