Dec. 6 at 2:46 AM
Actionable Trade Alert for
$LNW:
Market Context:
$LNW is currently trading at
$99.0, showing strong momentum with an RSI of 77.04, indicating overbought conditions. The stock is above its 30-day MA of 85.41 and 50-day MA of 83.49, suggesting bullish sentiment. However, the high RSI signals potential for a pullback.
Directional Bias: Given the recent high of
$101.8 and the current price near this level, a cautious bullish approach is warranted. The 60-day low of
$70.76 provides a solid support reference.
Trade Plan:
- Suggested Entry:
$99.0
- Stop Loss:
$95.0 (4% below entry)
- Take Profit Targets:
1.
$102.0 (3% gain)
2.
$105.0 (6% gain)
3.
$116.0 (17% gain)
This plan allows for significant upside while managing risk. Monitor RSI for potential reversal signals.
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