Dec. 11 at 11:44 PM
Actionable Trade Alert for
$KVYO:
Market Context:
$KVYO is currently trading at
$30.48, showing strong momentum with an RSI of 73.39, indicating overbought conditions. However, the price is above both the 30-day MA (28.35) and 50-day MA (27.14), suggesting bullish sentiment in the short to medium term. The 60-day high of
$36.22 provides a potential resistance level.
Directional Bias: Given the current RSI and the price's position above key moving averages, we maintain a bullish outlook. However, caution is warranted due to the overbought RSI.
Trade Plan:
- Suggested Entry:
$30.50
- Stop Loss:
$28.00 (approximately 8% below entry)
- Take Profit Targets:
1.
$33.00 (Target 1: 8.2% ROI)
2.
$35.00 (Target 2: 14.3% ROI)
3.
$35.69 (Target 3: 17% ROI)
This plan leverages the bullish trend while managing risk effectively. Monitor price action closely for adjustments.
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