Dec. 17 at 3:50 AM
Actionable Trade Alert for
$HWC:
Market Context:
$HWC is currently trading at
$65.76, near its 60-day high of
$66.62, indicating strong bullish momentum. However, the RSI at 84.07 suggests that the stock is overbought, which may lead to a pullback.
Directional Bias: The strong upward trend is supported by the moving averages, with MA30 at
$60.55 and MA50 at
$59.63. This indicates that the stock has been consistently gaining strength. However, the high RSI level indicates caution, as a correction may occur.
Trade Plan:
- Suggested Entry:
$65.50 (slightly below the current price to capture potential pullback)
- Stop Loss:
$63.00 (to limit losses in case of a reversal)
- Take Profit Targets:
1.
$68.00 (5% gain)
2.
$70.00 (6.5% gain)
3.
$77.00 (17% gain)
With these targets, the third take profit aligns with the desired ROI. Monitor closely as the stock approaches these levels.
For more insights, visit https://privateprofiteers.com.
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