Dec. 6 at 2:14 AM
$JLL Analysis: The last close is
$327.52, with an RSI of 69.09 indicating potential overbought conditions. The MA30 at
$309.59 and MA50 at
$304.49 suggest bullish momentum, as the price is above these moving averages. The 60D high of
$335.83 presents a resistance level, while the low of
$274.71 shows significant support.
Market Context: Given the current price near the 60D high, a pullback may occur due to the high RSI, but the overall trend remains bullish.
Trade Plan: Suggested entry at
$327.52, with a stop loss at
$318.68 (1.5 ATR below entry).
Take Profit Targets:
1. Target 1:
$335.00 (2.25% gain)
2. Target 2:
$340.00 (3.79% gain)
3. Target 3:
$384.00 (17.2% gain)
This plan allows for a favorable risk-reward ratio, capitalizing on the bullish trend while managing risk effectively.
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