Dec. 6 at 2:11 AM
Actionable Trade Alert for
$JBHT
Market Context:
$JBHT is currently trading at
$187.54, showing strong momentum with an RSI of 76.39, indicating it is overbought. The price is above both the 30-day MA (169.75) and the 50-day MA (159.9), suggesting a bullish trend. However, the high of
$190.95 in the last 60 days indicates potential resistance.
Directional Bias: While the bullish trend is evident, the high RSI suggests caution. A pullback may occur before further upward movement.
Trade Plan:
- Suggested Entry:
$186.00 (slightly below the last close to capture any pullback)
- Stop Loss:
$182.00 (4.3% below entry to manage risk)
- Take Profit Targets:
- Target 1:
$192.00 (3.2% gain)
- Target 2:
$197.00 (5.9% gain)
- Target 3:
$220.00 (17.6% gain)
This plan offers a balanced approach with an attractive risk-reward ratio, targeting a significant ROI on the third take profit.
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