Dec. 19 at 5:43 PM
Actionable Trade Alert for
$HWKN:
Market Context:
$HWKN is currently experiencing strong bullish momentum, indicated by an RSI of 83.56, suggesting overbought conditions. The last close was
$146.55, above both the 30-day MA of
$132.67 and the 50-day MA of
$144.25, confirming upward momentum.
Directional Bias: The stock is trending upwards, but the high RSI indicates potential for a pullback. Given the 60-day high of
$186.15, there is room for growth, but caution is warranted.
Trade Plan:
- Suggested Entry:
$146.55
- Stop Loss:
$140.34 (approximately 4.25% below entry)
- Take Profit Targets:
1. TP1:
$155.00 (5.76% gain)
2. TP2:
$165.00 (12.54% gain)
3. TP3:
$171.00 (16.71% gain)
With a potential ROI of over 17% at TP3, this trade offers a favorable risk-reward ratio. Monitor the RSI for signs of reversal as the price approaches targets.
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