Dec. 12 at 12:38 AM
Actionable Trade Alert for
$LNTH:
Market Context:
$LNTH is currently experiencing strong bullish momentum, closing at
$62.01. The RSI at 77.95 indicates overbought conditions, suggesting potential for a pullback. However, the price is above both the 30-day (MA30) and 50-day (MA50) moving averages, signaling a strong upward trend.
Directional Bias: The bullish trend is supported by the recent high of
$64.4, which is within reach. The distance from the current price to the 60-day low of
$49.67 provides a favorable risk-reward ratio.
Trade Plan:
- Suggested Entry:
$62.01
- Stop Loss:
$59.84 (below recent support, approximately 3.5% risk)
- Take Profit Targets:
1.
$64.00 (3.2% gain)
2.
$66.00 (6.4% gain)
3.
$72.50 (16.8% gain)
With the third target providing a potential ROI of 16.8%, this trade plan offers a solid opportunity for profit while managing risk effectively.
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