Dec. 6 at 2:27 AM
Actionable Trade Alert for
$IVZ:
Market Context:
$IVZ is currently trading at
$25.21, showing strength as it approaches the 60D high of
$25.7. The RSI of 60.7 indicates bullish momentum, suggesting potential for further upward movement.
Directional Bias: The price is above both the 30-day MA (23.68) and the 50-day MA (23.51), indicating a bullish trend. The recent high-low range (60D High of 25.7 and Low of 20.67) supports this upward bias, allowing for a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$25.21
- Stop Loss:
$24.50 (approximately 2.8% below entry)
- Take Profit Targets:
1. Target 1:
$26.00 (3.1% ROI)
2. Target 2:
$27.00 (7.1% ROI)
3. Target 3:
$29.50 (17.3% ROI)
This plan allows for a potential 17% ROI on the third target while maintaining a reasonable stop loss. Monitor price action closely to adjust as needed.
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