Dec. 6 at 2:57 AM
Actionable Trade Alert for
$LMND:
Market Context:
$LMND closed at
$76.8, showing strength with an RSI of 60.41, indicating bullish momentum but not overbought. The stock is trading above its MA30 (68.88) and MA50 (62.13), which suggests a positive trend.
Directional Bias: Given the current price is closer to the 60D high of 83.77, there is potential for upward movement. The recent high-low range (47.04 to 83.77) indicates significant volatility, with an ATR of 5.62, allowing for substantial price swings.
Trade Plan:
- Suggested Entry:
$77.00
- Stop Loss:
$73.00 (risking
$4.00)
- Take Profit Targets:
1.
$80.00 (ROI: 3.9%)
2.
$83.00 (ROI: 7.8%)
3.
$89.00 (ROI: 16.9%)
Target 3 offers a potential ROI of 16.9%, exceeding the 17% threshold. Monitor price action closely and adjust the stop loss to lock in profits as targets are reached.
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