Dec. 11 at 10:28 PM
Actionable Trade Alert for
$IBM:
Market Context:
$IBM is currently trading at
$311.97, showing strong momentum as indicated by an RSI of 77.51, suggesting overbought conditions. The recent price is above both the 30-day moving average (MA30) of
$305.04 and the 50-day moving average (MA50) of
$298.72, indicating bullish momentum.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$324.9, a pullback may be expected. However, the overall trend remains bullish as long as price stays above the MA30.
Trade Plan:
- Suggested Entry:
$311.97
- Stop Loss:
$303.00 (below MA30)
- Take Profit Targets:
- Target 1:
$320.00 (2.58% ROI)
- Target 2:
$325.00 (4.20% ROI)
- Target 3:
$366.00 (17.33% ROI)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
