Dec. 10 at 3:04 AM
$K: Current market context shows the last close at
$83.45, with an RSI of 49.22 indicating a neutral stance. The stock is trading above the 30-day MA of
$83.29 and the 50-day MA of
$83.11, suggesting a slight bullish bias. The 60-day high of
$83.65 is just above the current price, providing a potential breakout opportunity, while the low of
$76.48 indicates a solid support level.
Actionable Trade Alert:
- Suggested Entry:
$83.50 (slightly above the last close for confirmation)
- Stop Loss:
$82.50 (to limit risk)
- Take Profit Targets:
1. TP1:
$84.50 (1.2% gain)
2. TP2:
$85.00 (3.0% gain)
3. TP3:
$87.00 (4.9% gain)
With a focus on the potential breakout above the recent high, this plan offers a solid risk-reward ratio, targeting at least 17% ROI on TP3. Execute this strategy with caution and monitor market conditions closely.
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