Dec. 8 at 11:56 PM
Actionable Trade Alert for
$KEX:
Market Context:
$KEX is currently trading at
$111.78, showing strong momentum with an RSI of 64.79, indicating bullish sentiment but nearing overbought territory. The 30-day moving average (MA30) at
$107.33 and the 50-day moving average (MA50) at
$97.95 suggest a solid upward trend. The 60-day high of
$115.18 provides a resistance level, while the low of
$79.52 indicates a significant range.
Directional Bias: Given the current price above both MAs and the proximity to the 60-day high, the bias is bullish. However, caution is warranted due to the RSI nearing overbought levels.
Trade Plan:
- Suggested Entry:
$112.00
- Stop Loss:
$109.00 (risking
$3.00)
- Take Profit Targets:
1. Target 1:
$115.00 (ROI: 2.68%)
2. Target 2:
$117.50 (ROI: 4.46%)
3. Target 3:
$130.00 (ROI: 15.50%)
With a potential ROI of over 17% on Target 3, this trade presents a favorable risk-reward scenario.
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