Dec. 6 at 3:22 AM
Actionable Trade Alert for
$KTB:
Market Context:
$KTB is currently trading at
$75.52, showing a moderate RSI of 54.42, indicating no immediate overbought or oversold conditions. The stock is near its MA30 of
$75.31, suggesting potential support. The 60D high of
$87.0 provides a clear upside target, while the low of
$68.57 indicates a solid floor.
Directional Bias: The stock is in a neutral to bullish trend, supported by the proximity to MA30 and the absence of significant selling pressure indicated by the RSI. The ATR of 2.5 suggests moderate volatility, allowing for reasonable movement towards targets.
Trade Plan:
- Suggested Entry:
$75.60 (slightly above last close)
- Stop Loss:
$73.00 (below MA30)
- Take Profit Targets:
1. TP1:
$80.00 (5.2% ROI)
2. TP2:
$83.00 (9.8% ROI)
3. TP3:
$88.00 (16.5% ROI)
With a well-defined risk-reward ratio, this plan positions
$KTB for potential gains while managing downside risk effectively.
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