Dec. 11 at 11:18 PM
Actionable Trade Alert for
$IFF:
Market Context:
$IFF closed at
$63.19, showing a neutral RSI of 45.4, indicating no immediate overbought or oversold conditions. The stock is trading below both the 30-day MA of
$65.55 and the 50-day MA of
$64.47, suggesting a bearish short-term trend. However, the price remains within the 60-day high-low range of
$70.11 and
$59.14, providing potential for upward movement.
Directional Bias: Given the current price and RSI, there is a potential for a rebound towards the upper range.
Trade Plan:
- Suggested Entry:
$63.50
- Stop Loss:
$61.50 (1.83 ATR below entry)
- Take Profit Targets:
1.
$65.00 (Target 1: 2.36% ROI)
2.
$67.00 (Target 2: 5.89% ROI)
3.
$74.00 (Target 3: 16.83% ROI)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
https://privateprofiteers.com
