Dec. 15 at 6:53 AM
Actionable Trade Alert for
$LEVI:
Market Context:
$LEVI is currently trading at
$21.5, showing a bullish sentiment with an RSI of 60.63, indicating potential upward momentum. The price is above the 30-day moving average (MA30) of
$21.16, suggesting a positive trend. However, it's slightly below the 50-day moving average (MA50) of
$21.47, indicating some resistance.
Directional Bias: Given the RSI and the proximity to MA30 and MA50, we anticipate a bullish move towards the 60-day high of
$24.82. The current price is also within a range defined by the 60-day high of
$24.82 and low of
$19.32, allowing for significant upside potential.
Trade Plan:
- Suggested Entry:
$21.5
- Stop Loss:
$20.5 (1 point below current price)
- Take Profit Targets:
1.
$22.5 (Target 1 - 4.65% ROI)
2.
$23.5 (Target 2 - 9.30% ROI)
3.
$25.2 (Target 3 - 17.5% ROI)
This plan offers a solid risk-reward ratio with a clear exit strategy.
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