Dec. 6 at 3:15 AM
Actionable Trade Alert for
$LSTR:
Market Context:
$LSTR closed at
$140.68, showing strong momentum but with an RSI of 72.45, indicating potential overbought conditions. The recent 60-day high of
$143.02 suggests resistance, while the low of
$119.32 provides a solid support level.
Directional Bias: The price is above both the 30-day MA (128.89) and the 50-day MA (127.89), indicating a bullish trend. However, the elevated RSI warns of a possible pullback.
Trade Plan:
- Suggested Entry:
$140.68 (current close)
- Stop Loss:
$136.85 (below recent support, approximately 2.0% risk)
- Take Profit Targets:
1.
$144.00 (2.35% gain)
2.
$147.50 (4.00% gain)
3.
$164.00 (16.67% gain)
Target 3 provides a potential ROI of over 17%. Monitor RSI for reversal signals and adjust positions accordingly.
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