Dec. 17 at 3:42 AM
Actionable Trade Alert for
$LEA:
Market Context:
$LEA closed at
$115.51, nearing its 60D high of
$117.38. The RSI at 69.18 indicates overbought conditions, suggesting a potential pullback. However, the stock is above both the 30-day MA (107.95) and the 50-day MA (105.21), indicating bullish momentum.
Directional Bias: The current price action shows strength, but the elevated RSI suggests caution. A pullback to the moving averages could present a buying opportunity.
Trade Plan:
- Suggested Entry:
$113.00 (after a potential pullback)
- Stop Loss:
$110.00 (to limit downside risk)
- Take Profit Targets:
- Target 1:
$118.00 (2.2% ROI)
- Target 2:
$121.00 (7.2% ROI)
- Target 3:
$135.00 (17% ROI)
With a solid risk-reward ratio and the potential for significant upside, this trade plan aligns with current market conditions. Monitor closely for entry signals.
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