Dec. 6 at 2:35 AM
Actionable Trade Alert for
$KVYO:
Market Context:
$KVYO is currently trading at
$29.98, showing strong momentum with an RSI of 61.19, indicating bullish sentiment. The price is above both the 30-day MA of 27.7 and the 50-day MA of 27.14, suggesting a positive trend. The recent 60-day high of 36.22 provides a potential resistance level, while the low of 23.44 establishes a solid support base.
Directional Bias: The bullish indicators from RSI and moving averages support a long position. The price is well-positioned within its recent range, creating a favorable environment for upward movement.
Trade Plan:
- Suggested Entry:
$30.10 (slightly above the last close)
- Stop Loss:
$28.50 (to limit risk)
- Take Profit Targets:
1.
$32.00 (6.3% ROI)
2.
$34.00 (12.5% ROI)
3.
$35.00 (17% ROI)
This trade plan allows for a strategic entry with defined risk and multiple profit-taking opportunities.
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