Dec. 6 at 2:47 AM
$KNX Trade Alert: Current close at
$50.93 indicates strong upward momentum, supported by an RSI of 80.09, suggesting overbought conditions. However, the price is near the 60-day high of
$51.69, which could act as resistance. The 30-day MA at
$44.92 and 50-day MA at
$44.25 indicate a bullish trend, providing a solid support base.
Action Plan:
- Suggested Entry:
$50.50 (slightly below current price to capture potential pullback)
- Stop Loss:
$48.50 (to limit downside risk)
- Take Profit Targets:
1.
$52.50 (2.8% gain)
2.
$54.00 (6.5% gain)
3.
$59.50 (17% gain)
Market Context: The strong RSI indicates potential for a pullback, but the overall trend remains bullish due to moving averages. Monitor for a breakout above
$51.69 for confirmation of upward momentum.
Execute cautiously, considering market volatility.
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