Dec. 6 at 2:13 AM
Actionable Trade Alert for
$ITT:
Market Context:
$ITT closed at
$183.39, with an RSI of 46.79 indicating neutral momentum. The price is near the 30-day moving average (MA30) of
$183.65, suggesting potential resistance. The 50-day moving average (MA50) at
$180.47 provides support.
Directional Bias: Given the current RSI and proximity to MA30, we anticipate a potential upward movement. The 60-day high of
$197.07 offers a target for bullish sentiment, while the low of
$168.49 indicates a support level.
Trade Plan:
- Suggested Entry:
$183.50
- Stop Loss:
$179.00 (4.5% below entry)
- Take Profit Targets:
1.
$190.00 (3.6% ROI)
2.
$195.00 (6.3% ROI)
3.
$215.00 (17.2% ROI)
Rationale: The targets are set based on resistance levels and the potential for upward momentum, with the third target providing a solid 17% ROI.
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