Dec. 6 at 1:51 AM
Actionable Trade Alert for
$LPLA:
Market Context:
$LPLA is currently trading at
$369.18, with a neutral RSI of 47.43, indicating a lack of strong momentum. The price is above the 30-day moving average (MA30) of 359.4 and significantly above the 50-day moving average (MA50) of 346.62, suggesting a bullish trend in the short term. The recent 60-day high of 395.75 indicates potential upside.
Directional Bias: Given the price action above the MA30 and MA50, combined with the RSI being close to neutral, we anticipate a bullish reversal towards the 60D high.
Trade Plan:
- Suggested Entry:
$370.00
- Stop Loss:
$360.00 (below MA30)
- Take Profit Targets:
1.
$380.00 (2.7% ROI)
2.
$390.00 (5.6% ROI)
3.
$433.00 (17.3% ROI)
This plan provides a solid risk-reward ratio with a potential 17% ROI on the third target. Monitor price action closely for adjustments.
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