Dec. 10 at 4:43 AM
Actionable Trade Alert for
$KFY:
Market Context:
$KFY is currently trading at
$67.57, showing strong momentum as it approaches the 60D high of
$74.57. The RSI at 66.84 indicates bullish momentum but is nearing overbought territory, suggesting caution. The MA30 at
$65.37 is below the current price, providing support, while the MA50 at
$67.16 is close, indicating a potential resistance level.
Directional Bias: The price is above both the MA30 and MA50, suggesting a bullish trend. However, the proximity to the 60D high and the RSI level indicates that a pullback could occur.
Trade Plan:
- Suggested Entry:
$67.00
- Stop Loss:
$65.00 (risking
$2.00)
- Take Profit Targets:
1.
$70.00 (Target 1, 4.5% ROI)
2.
$72.00 (Target 2, 7.2% ROI)
3.
$79.00 (Target 3, 17% ROI)
This plan provides a structured approach to capitalize on the bullish trend while managing risk effectively.
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