Dec. 12 at 12:43 AM
Actionable Trade Alert for
$HTGC:
Market Context:
$HTGC is currently trading at
$19.05, exhibiting strong momentum with an RSI of 96.53, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of 18.03 and its 50-day moving average (MA50) of 17.88, suggesting a bullish trend. The recent high of
$19.55 indicates potential resistance, while the low of
$16.63 provides a support level.
Directional Bias: The high RSI signals potential for a pullback, but the stock remains in a strong uptrend, making it suitable for tactical trading.
Trade Plan:
- Suggested Entry:
$19.05
- Stop Loss:
$18.50 (3% below entry)
- Take Profit Targets:
- Target 1:
$19.30 (1.31% gain)
- Target 2:
$19.55 (2.62% gain)
- Target 3:
$22.30 (17% gain)
With the potential for significant upside, monitor closely for price action near resistance levels.
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