Dec. 9 at 12:08 AM
Actionable Trade Alert for
$KRG:
Market Context:
$KRG is currently trading at
$22.24, showing a stable price action within the recent 60-day range of
$21.33 to
$23.25. The RSI at 54.25 indicates a neutral stance, suggesting potential for upward movement without being overbought.
Directional Bias: The stock is positioned just below the 30-day moving average (MA30) of
$22.48 and the 50-day moving average (MA50) of
$22.39, indicating a slight bearish sentiment. However, the proximity to the 60-day high of
$23.25 suggests a possible upward breakout.
Trade Plan:
- Suggested Entry:
$22.25 (slightly above last close)
- Stop Loss:
$21.90 (below recent support)
- Take Profit Targets:
1.
$22.75 (2.25% gain)
2.
$23.00 (3.42% gain)
3.
$23.50 (11.29% gain, 17% ROI from entry)
This trade plan leverages the current price action and technical indicators for a calculated approach to capitalize on potential upward momentum.
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