Dec. 8 at 10:24 PM
Actionable Trade Alert for
$KLAC:
Market Context:
$KLAC is currently trading at
$1229.03, near the upper range of its 60-day high of
$1284.47. The RSI at 65.83 indicates a potential overbought condition, suggesting caution. However, the price is above both the 30-day MA (1182.48) and the 50-day MA (1148.19), indicating a bullish trend.
Directional Bias: The upward momentum is supported by the price being above key moving averages. Yet, the RSI suggests a possible pullback could occur soon.
Trade Plan:
- Suggested Entry:
$1225 (slightly below the last close to capture a potential dip)
- Stop Loss:
$1180 (to limit risk)
- Take Profit Targets:
1.
$1260 (2.85% gain)
2.
$1300 (5.79% gain)
3.
$1440 (17.18% gain)
This plan allows for a strategic entry with a favorable risk-to-reward ratio. Monitor the RSI and price action closely for adjustments.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
