Dec. 6 at 1:50 AM
$KVUE Actionable Trade Alert:
Market Context:
$KVUE is currently trading at
$16.99, showing a stable position within its recent range. The RSI at 54.2 indicates a neutral momentum, suggesting potential for upward movement. The MA30 at
$16.19 and MA50 at
$16.05 indicate a bullish trend as the price is above these moving averages.
Directional Bias: Given the current price is above both the MA30 and MA50, and the RSI is not overbought, there is a favorable bias for upward movement. The 60D high of
$19.42 provides a clear target for potential gains.
Trade Plan:
- Suggested Entry:
$17.05 (slightly above the last close for confirmation)
- Stop Loss:
$16.50 (to limit risk)
- Take Profit Targets:
1.
$18.00 (approx. 5.6% gain)
2.
$18.75 (approx. 10.4% gain)
3.
$19.99 (approx. 17.7% gain)
This plan allows for a solid risk-reward ratio with a potential ROI of over 17% on the third target.
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