Dec. 10 at 3:02 AM
Actionable Trade Alert for
$KEYS:
Market Context:
$KEYS is currently trading at
$210.46, showing strong momentum as indicated by an RSI of 86.9, suggesting overbought conditions. However, recent price action is near the 60D high of
$212.93, indicating potential resistance.
Directional Bias: The high RSI suggests a correction may be imminent, but the price remains above the 30-day (MA30) and 50-day (MA50) moving averages, reflecting a bullish trend. The price is also well above the 60D low of
$158.79, reinforcing the upward momentum.
Trade Plan:
- Suggested Entry:
$210.46
- Stop Loss:
$204.05 (below recent support, approximately 3% risk)
- Take Profit Targets:
1.
$215.00 (2.6% gain)
2.
$220.00 (4.5% gain)
3.
$246.00 (17% gain)
With the potential for a significant upside, this trade offers a favorable risk-reward ratio. Monitor closely for any signs of reversal.
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