Dec. 25 at 2:58 PM
Actionable Trade Alert for
$LMND:
Market Context:
$LMND closed at
$79.8, showing a solid position above the 30-day (MA30) and 50-day (MA50) moving averages, indicating bullish momentum. The RSI at 54.36 suggests the stock is neither overbought nor oversold, allowing for potential upward movement.
Directional Bias: The stock is trading closer to its 60-day high of
$85.2, providing a favorable risk-reward scenario. With the current price above both MAs, we anticipate a continuation of the upward trend.
Trade Plan:
- Suggested Entry:
$80.00
- Stop Loss:
$75.00 (below MA30)
- Take Profit Targets:
1.
$83.00 (4% gain)
2.
$86.00 (7.5% gain)
3.
$93.00 (16.5% gain)
This plan offers a potential ROI of over 17% on the third target. Monitor the ATR of 5.59 for volatility adjustments.
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