Dec. 8 at 11:49 PM
Actionable Trade Alert for
$LBRDA:
Market Context:
$LBRDA is currently trading at
$47.01, showing a neutral RSI of 53.74, indicating no immediate overbought or oversold conditions. The price is below the 30-day MA of
$48.64, suggesting potential resistance, while the 50-day MA of
$53.38 indicates a longer-term bullish trend.
Directional Bias: Given the current price is closer to the 60D low of
$44.51 and the recent high of
$65.4, there is potential for an upward movement. The ATR of 1.24 suggests moderate volatility, allowing for reasonable target setting.
Trade Plan:
- Suggested Entry:
$47.50
- Stop Loss:
$45.00
- Take Profit Targets:
1.
$50.00 (5.26% ROI)
2.
$54.00 (13.68% ROI)
3.
$55.00 (16.83% ROI)
This plan allows for a solid risk-to-reward ratio while aiming for a minimum of 17% ROI on the final target.
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