Dec. 12 at 12:01 AM
$JXN Actionable Trade Alert:
Market Context:
$JXN is currently trading at
$106.01, very close to its 60-day high of
$106.04, indicating strong upward momentum. The RSI at 87.52 suggests that the stock is overbought, which could lead to a price correction. However, the bullish trend is supported by the recent moving averages, with MA30 at
$96.55 and MA50 at
$97.40, indicating a strong upward trajectory.
Directional Bias: Given the high RSI and proximity to the 60-day high, we anticipate a potential pullback, but the overall trend remains bullish.
Suggested Trade Plan:
- Entry:
$106.01
- Stop Loss:
$102.50 (approximately 3.5% below entry)
- Take Profit Targets:
1.
$110.00 (approx. 3.7% ROI)
2.
$112.50 (approx. 6.5% ROI)
3.
$124.00 (approx. 17% ROI)
Monitor closely for any signs of reversal as we approach the targets. Execute with caution.
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