Dec. 12 at 12:10 AM
Actionable Trade Alert for
$HXL:
Market Context:
$HXL is currently trading at
$73.45, showing a strong upward momentum with an RSI of 58.05, indicating potential for further gains without being overbought. The stock is above its 30-day moving average (MA30) of
$72.53 and significantly above the 50-day moving average (MA50) of
$69.85, suggesting bullish sentiment.
Directional Bias: The price is closer to the 60-day high of
$79.2 than the low of
$60.26, reinforcing a bullish outlook. The ATR of 2.04 indicates moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$73.50
- Stop Loss:
$70.50 (risking
$3.00)
- Take Profit Targets:
1.
$76.00 (Target 1, +3.4% ROI)
2.
$78.00 (Target 2, +6.9% ROI)
3.
$86.00 (Target 3, +17% ROI)
This plan provides a solid risk-reward ratio while capitalizing on the current bullish trend. Execute with caution and monitor market conditions.
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