Dec. 6 at 2:42 AM
Actionable Trade Alert for
$IESC:
Market Context:
$IESC is currently trading at
$420.73, showing strong momentum but is overbought with an RSI of 73.64. The price is above both the 30-day MA (395.48) and the 50-day MA (392.71), indicating a bullish trend. However, the high of
$442.93 from the last 60 days suggests potential resistance ahead.
Directional Bias: Given the current RSI and the proximity to the 60D high, we expect a pullback before any further upward movement. This creates an opportunity for a tactical entry.
Suggested Trade Plan:
- Entry:
$420.00 (slightly below current price to capture a potential dip)
- Stop Loss:
$402.00 (approx. 4.5% below entry)
- Take Profit Targets:
1.
$430.00 (2.38% ROI)
2.
$440.00 (4.76% ROI)
3.
$493.00 (17.3% ROI)
Monitor the price action closely, especially around the 60D high. Adjust stop loss to lock in profits if targets are reached.
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