Dec. 19 at 3:54 PM
Actionable Trade Alert for
$JBL:
Market Context:
$JBL is currently trading at
$217.04, showing a bullish sentiment with an RSI of 56.19, indicating potential upward momentum. The stock is above its 30-day moving average (MA30) of 212.22 and 50-day moving average (MA50) of 211.05, suggesting a strong bullish trend.
Directional Bias: The price is approaching the 60-day high of 234.32, which offers a resistance level. With the RSI positioned above 50, there is room for further upside movement.
Trade Plan:
- Suggested Entry:
$218.00 (slightly above the last close)
- Stop Loss:
$207.00 (10% below entry)
- Take Profit Targets:
1.
$225.00 (3.2% gain)
2.
$230.00 (5.5% gain)
3.
$254.00 (16.9% gain)
This plan provides an attractive risk-reward ratio with a potential ROI of over 17% on the third target. Monitor price action closely for adjustments.
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