Dec. 19 at 5:39 PM
$LBRT: Current market context shows a recent close at
$17.26, with an RSI of 46.39 indicating a neutral momentum. The stock is trading below its 30-day moving average (MA30) of
$17.82 but above the 50-day moving average (MA50) of
$16.91, suggesting potential upward momentum as it approaches the MA30. The 60-day high of
$20.96 presents a significant resistance level, while the low of
$11.52 indicates a strong support range.
Actionable Trade Plan:
- Suggested Entry:
$17.30 (slightly above last close)
- Stop Loss:
$16.80 (below MA50 for protection)
- Take Profit Targets:
1.
$18.50 (7% gain)
2.
$19.00 (10% gain)
3.
$20.20 (17% gain)
With the potential to reach the third target, this trade offers a solid risk-reward ratio. Monitor price action closely for confirmation before entry.
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