Dec. 6 at 2:57 AM
Actionable Trade Alert for
$KD:
Market Context:
$KD is currently trading at
$26.27, showing a balanced RSI of 55.78, indicating a neutral to slightly bullish momentum. The price is near the 30-day moving average (MA30) of
$26.31, suggesting potential support. The recent 60-day high of
$32.97 indicates a strong resistance level, while the low of
$23.28 provides a clear range for potential price movement.
Directional Bias: The RSI indicates that
$KD is not overbought, allowing for potential upside. The price is close to the MA30, which may act as support. However, the MA50 at
$27.44 is a key resistance to watch.
Trade Plan:
- Suggested Entry:
$26.30
- Stop Loss:
$25.50 (approximately 3% below entry)
- Take Profit Targets:
1.
$28.00 (Target 1, 6.5% ROI)
2.
$30.00 (Target 2, 14.5% ROI)
3.
$30.75 (Target 3, 17.5% ROI)
This plan offers a balanced risk-reward profile with a potential 17.5% ROI on the third target.
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