Dec. 5 at 10:23 PM
Actionable Trade Alert for
$INGR:
Market Context:
$INGR closed at
$108.24, showing a neutral RSI at 53.0, indicating no immediate overbought or oversold conditions. The price is currently below both the 30-day MA of
$110.01 and the 50-day MA of
$114.29, suggesting potential upward momentum if it breaks these resistance levels.
Directional Bias: With the recent high of
$127.5 and a low of
$102.31 over the last 60 days, the stock has room to move upwards. The ATR of
$1.72 indicates moderate volatility, supporting potential price movement.
Trade Plan:
- Suggested Entry:
$108.50 (slightly above the last close)
- Stop Loss:
$102.00 (below the recent low)
- Take Profit Targets:
1.
$112.00 (3.5% ROI)
2.
$118.00 (8.9% ROI)
3.
$127.00 (17.4% ROI)
This plan capitalizes on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
