Dec. 11 at 10:57 PM
Actionable Trade Alert for
$HSY:
Market Context:
$HSY is currently trading at
$180.94, with an RSI of 45.94 indicating a neutral momentum. The stock is positioned between its 60D high of
$197.12 and low of
$161.43, suggesting potential for movement within this range.
Directional Bias: The price is above the 30-day moving average (MA30) of
$178.34, indicating short-term bullish sentiment. However, it is below the 50-day moving average (MA50) of
$182.07, which could act as resistance. Given the current RSI, the stock may be poised for a bounce back towards the higher end of its recent range.
Trade Plan:
- Suggested Entry:
$181.00
- Stop Loss:
$177.50 (1.5% below entry)
- Take Profit Targets:
1. Target 1:
$185.00 (2.2% gain)
2. Target 2:
$189.00 (4.4% gain)
3. Target 3:
$212.00 (17% gain)
This plan allows for a strategic entry with a solid risk-reward ratio. Monitor closely for price action near targets.
For more insights, visit https://privateprofiteers.com.
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