Dec. 19 at 3:21 PM
Actionable Trade Alert for
$IBKR:
Market Context:
$IBKR is currently trading at
$62.94, positioned between its 60-day high of
$73.35 and low of
$58.95. The RSI at 42.06 indicates a neutral to slightly bearish sentiment, suggesting potential for upward movement if buying pressure increases.
Directional Bias: The price is below both the 30-day (65.3) and 50-day (66.81) moving averages, indicating a bearish trend. However, the proximity to the 60-day low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$63.00
- Stop Loss:
$58.50 (approximately 7% risk)
- Take Profit Targets:
1.
$67.00 (Target 1: 6.35% ROI)
2.
$70.00 (Target 2: 11.15% ROI)
3.
$73.00 (Target 3: 16.00% ROI)
With a well-defined risk-reward ratio, this plan positions traders to capitalize on a potential rebound while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
