Dec. 15 at 6:05 AM
Actionable Trade Alert for
$LPLA:
Market Context:
$LPLA is currently trading at
$380.96, showing strong momentum with an RSI of 80.37, indicating overbought conditions. The recent 60D high is
$395.75, suggesting potential resistance, while the low is
$310.7, providing a solid support level.
Directional Bias: The high RSI indicates a potential pullback soon, but the price is above both the 30-day (MA30) and 50-day (MA50) moving averages, suggesting bullish sentiment in the short term.
Trade Plan:
- Suggested Entry:
$380.00
- Stop Loss:
$370.00 (to limit downside risk)
- Take Profit Targets:
1. Target 1:
$390.00 (2.6% ROI)
2. Target 2:
$395.00 (3.7% ROI)
3. Target 3:
$445.00 (17% ROI)
With the potential for significant upside, consider this trade while monitoring RSI for signs of reversal.
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