Dec. 6 at 2:09 AM
Actionable Trade Alert for
$IFF:
Market Context:
$IFF is currently trading at
$66.49, showing a neutral RSI of 46.42, indicating no overbought or oversold conditions. The stock is above both the 30-day MA (65.54) and the 50-day MA (64.05), suggesting a bullish bias in the short term.
Directional Bias: Given the current price is closer to the 60-day high of
$70.11 than the low of
$59.14, we anticipate upward momentum. The ATR of 1.67 indicates moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$66.50
- Stop Loss:
$64.50 (1.99% below entry)
- Take Profit Targets:
1.
$68.00 (2.25% gain)
2.
$70.00 (5.64% gain)
3.
$77.00 (15.82% gain)
This plan offers a potential ROI of 17% or more on the third target while maintaining a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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