Dec. 11 at 11:32 PM
Actionable Trade Alert for
$JEF:
Market Context:
$JEF is currently trading at
$63.19, showing strong momentum with an RSI of 92.44, indicating overbought conditions. The stock is significantly above its 30-day MA of 56.2 and 50-day MA of 55.87, suggesting bullish sentiment. The recent high of
$71.04 provides a potential resistance level.
Directional Bias: Given the high RSI and the proximity to the 60-day high, a pullback may occur before further upward movement. However, if momentum continues, we can target higher levels.
Trade Plan:
- Suggested Entry:
$63.19
- Stop Loss:
$60.00 (approximately 5% below entry)
- Take Profit Targets:
- Target 1:
$67.00 (6% gain)
- Target 2:
$70.00 (10.8% gain)
- Target 3:
$73.00 (15.5% gain)
With a focus on a potential breakout above the 60-day high, this trade provides an opportunity for at least 17% ROI on the third target.
For more insights, visit: https://privateprofiteers.com.
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