Dec. 12 at 12:56 AM
Actionable Trade Alert for
$LCII:
Market Context:
$LCII is currently trading at
$121.55, near its 60-day high of
$122.41, indicating strong bullish momentum. The RSI at 78.31 suggests overbought conditions, which may lead to a pullback. However, the upward trend is supported by the MA30 at
$110.97 and MA50 at
$102.41, indicating a solid bullish trend.
Directional Bias: Despite the high RSI, the price is above both MAs, suggesting continued bullish sentiment. The range between the 60D high and low indicates potential for price action.
Suggested Entry: Buy at
$121.55.
Stop Loss: Set at
$117.00 (approximately 3.5% below the entry).
Take Profit Targets:
1.
$125.00 (3.99% gain)
2.
$128.00 (5.65% gain)
3.
$142.00 (16.75% gain)
With a potential 17% ROI on the third target, this trade plan offers a favorable risk-reward ratio. Monitor closely for any signs of reversal given the high RSI.
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