Dec. 15 at 6:49 AM
Actionable Trade Alert for
$KNSL:
Market Context:
$KNSL is currently trading at
$391.76, showing a stable position within its recent range. The RSI at 53.85 indicates a neutral momentum, suggesting potential for upward movement. The 60D high of
$485.0 presents a significant resistance level, while the low of
$349.0 indicates solid support.
Directional Bias: The price is above the 30-day moving average (MA30) of
$383.57 but below the 50-day moving average (MA50) of
$410.39, indicating a bullish bias as it approaches the MA50. The ATR of 11.28 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$395.00
- Stop Loss:
$378.00 (4.3% below entry)
- Take Profit Targets:
1.
$420.00 (6.3% gain)
2.
$450.00 (13.9% gain)
3.
$460.00 (16.4% gain)
With a potential ROI of over 17% on the third target, this trade offers a favorable risk-reward profile.
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