Dec. 25 at 3:48 PM
Actionable Trade Alert for
$IAC:
Market Context:
$IAC is currently trading at
$39.77, with a strong bullish sentiment indicated by an RSI of 81.69, suggesting overbought conditions. The 30-day moving average (MA30) is at
$36.16, and the 50-day moving average (MA50) is at
$34.93, both indicating upward momentum. The 60-day high is
$40.55, close to the current price, which may act as resistance.
Directional Bias: Given the high RSI and proximity to the 60D high, a pullback is possible. However, the strong MAs support continued upward movement.
Trade Plan:
- Suggested Entry:
$39.77
- Stop Loss:
$37.50 (approximately 5.7% below entry)
- Take Profit Targets:
- TP1:
$41.00 (5.8% ROI)
- TP2:
$42.50 (6.9% ROI)
- TP3:
$46.50 (17.0% ROI)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
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