Dec. 15 at 7:36 AM
Actionable Trade Alert for
$IMVT:
Market Context:
$IMVT is currently trading at
$26.42, showing strong momentum as indicated by an RSI of 70.05, suggesting it is overbought. However, the price is near its 60D high of
$27.06, indicating potential resistance.
Directional Bias: The bullish sentiment is supported by the 30-day moving average (MA30) at
$23.5 and the 50-day moving average (MA50) at
$21.56, both below the current price, indicating upward momentum. The high-low range shows significant volatility, with a 60D low of
$14.58.
Trade Plan:
- Suggested Entry:
$26.50
- Stop Loss:
$25.00 (1.5 ATR below entry)
- Take Profit Targets:
1.
$27.00 (1.89% ROI)
2.
$28.00 (5.66% ROI)
3.
$30.00 (13.67% ROI)
Target 3 offers a potential ROI of 13.67%, close to the desired 17%. Monitor price action closely for adjustments.
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