Dec. 8 at 11:35 PM
Actionable Trade Alert for
$LSCC:
Market Context:
$LSCC is currently trading at
$76.76, showing strong momentum with an RSI of 78.74, indicating overbought conditions. However, the price is above both the 30-day (68.76) and 50-day (69.81) moving averages, suggesting bullish sentiment in the short to medium term.
Directional Bias: The recent high of
$81.23 indicates potential resistance, while the low of
$60.50 provides a clear support level. The ATR of 3.5 suggests volatility, allowing for a wider trading range.
Trade Plan:
- Suggested Entry:
$76.76
- Stop Loss:
$73.00 (approx. 5% below entry)
- Take Profit Targets:
1.
$80.00 (4.2% ROI)
2.
$83.00 (8.8% ROI)
3.
$90.00 (17.2% ROI)
Given the current market conditions and momentum, this trade plan aims for a substantial return while managing risk effectively.
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