Dec. 8 at 10:30 PM
Actionable Trade Alert for
$HWM:
Market Context:
$HWM is currently trading at
$193.82, situated between its 60-day high of
$211.95 and low of
$182.78. The RSI at 40.6 indicates a neutral to slightly bearish momentum, suggesting potential for a reversal or consolidation.
Directional Bias: The price is below both the 30-day MA (201.83) and 50-day MA (198.02), indicating a bearish trend. However, with the RSI below 50, there's room for upward movement if the price breaks above key resistance levels.
Trade Plan:
- Suggested Entry:
$195.00 (slightly above current price for confirmation)
- Stop Loss:
$188.00 (to limit downside risk)
- Take Profit Targets:
1.
$202.00 (1st target, approx. 3.6% gain)
2.
$210.00 (2nd target, approx. 7.9% gain)
3.
$227.00 (3rd target, approx. 17.0% gain)
This plan aims for a potential ROI of 17% or more on the third target, capitalizing on a possible upward movement.
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