Dec. 6 at 3:21 AM
$IRT Actionable Trade Alert:
Market Context:
$IRT is currently trading at
$16.75, showing a stable position within its 60-day high of
$17.76 and low of
$15.07. The RSI at 56.81 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is above both the 30-day MA (
$16.47) and the 50-day MA (
$16.38), indicating a bullish trend. The current RSI supports this trend, as it is neither overbought nor oversold.
Trade Plan:
- Suggested Entry:
$16.80 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$16.40 (to limit risk, below the 30-day MA)
- Take Profit Targets:
1.
$17.20 (approx. 2.38% gain)
2.
$17.50 (approx. 4.17% gain)
3.
$19.60 (approx. 16.99% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio.
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