Dec. 10 at 3:17 AM
Actionable Trade Alert for
$J:
Market Context: Currently,
$J is trading at
$137.28, well below its 30-day moving average (MA30) of
$145.99 and 50-day moving average (MA50) of
$150.30, indicating bearish momentum. The RSI at 34.48 suggests that the stock is nearing oversold conditions, which may lead to a potential reversal.
Directional Bias: Given the RSI and the proximity to the 60D low of
$125.55, we anticipate a bounce back towards the upper range.
Trade Plan:
- Suggested Entry:
$137.50
- Stop Loss:
$132.00 (risking
$5.50)
- Take Profit Targets:
1. TP1:
$145.00 (10.0% ROI)
2. TP2:
$150.00 (9.1% ROI)
3. TP3:
$160.00 (16.5% ROI)
This plan allows for a potential upside of over 17% on TP3 while managing risk effectively. Monitor the price action closely for any signs of reversal.
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