Dec. 6 at 1:34 AM
Actionable Trade Alert for
$ITW:
Market Context:
$ITW is currently trading at
$249.38, showing strength with an RSI of 57.06, indicating bullish momentum without being overbought. The price is above the 30-day MA of
$245.71 and close to the 50-day MA of
$249.05, suggesting a potential upward trend.
Directional Bias: The price is within the 60-day high-low range (
$238.82 -
$268.00), indicating room for upward movement. The ATR of 4.31 suggests reasonable volatility, allowing for potential gains.
Trade Plan:
- Suggested Entry:
$250.00
- Stop Loss:
$245.00 (risking
$5.00)
- Take Profit Targets:
1.
$255.00 (1st target, 2% gain)
2.
$260.00 (2nd target, 4% gain)
3.
$292.00 (3rd target, 17% gain)
This plan provides a solid risk-reward ratio, aiming for a minimum 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
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