Dec. 10 at 3:35 AM
Actionable Trade Alert for
$JKHY:
Market Context:
$JKHY is currently trading at
$180.17, showing strong momentum with an RSI of 84.75, indicating overbought conditions. The stock is above both the 30-day MA of 166.18 and the 50-day MA of 160.48, suggesting bullish sentiment. However, the high RSI signals a potential pullback.
Directional Bias: Given the overbought RSI and proximity to the 60D high of
$185.86, a cautious bullish stance is recommended. The price is well within the recent high-low range, but profit-taking may occur soon.
Trade Plan:
- Suggested Entry:
$180.17
- Stop Loss:
$175.61 (1 ATR below entry)
- Take Profit Targets:
1.
$185.00 (Target 1 - 2.5% gain)
2.
$188.00 (Target 2 - 4.5% gain)
3.
$210.00 (Target 3 - 16.5% gain)
This plan allows for a potential ROI of over 17% on Target 3 while managing risk effectively. Monitor for any signs of reversal as the price approaches targets.
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