Dec. 6 at 2:05 AM
Actionable Trade Alert for
$ILMN:
Market Context:
$ILMN is currently trading at
$128.03, showing strong bullish momentum with an RSI of 68.0, indicating it's nearing overbought territory. However, the price remains above the 30-day moving average (MA30) of 118.65 and the 50-day moving average (MA50) of 109.71, suggesting a bullish trend.
Directional Bias: The recent high of
$132.15 indicates potential resistance, while the low of
$88.00 provides a solid support base. The strong upward movement suggests a continuation of the bullish trend, but caution is advised due to the high RSI.
Trade Plan:
- Suggested Entry:
$128.03
- Stop Loss:
$124.00 (approx. 3% below entry)
- Take Profit Targets:
1. Target 1:
$132.00 (3% gain)
2. Target 2:
$136.00 (6% gain)
3. Target 3:
$150.00 (17% gain)
With this plan, we aim for a minimum of 17% ROI on the third target while managing risk effectively.
https://privateprofiteers.com
