Dec. 8 at 11:39 PM
Actionable Trade Alert for
$LW:
Market Context:
$LW is currently trading at
$60.0, showing a strong upward momentum. The RSI at 67.1 indicates it is nearing overbought territory, suggesting caution, but the price is still below the 60D high of
$67.07, indicating potential for further gains.
Directional Bias: The price is above the MA30 (59.98) but below the MA50 (61.35), indicating mixed signals. However, the proximity to the 60D high suggests bullish sentiment may prevail in the short term.
Trade Plan:
- Suggested Entry:
$60.5 (slightly above current close to confirm upward momentum)
- Stop Loss:
$58.5 (to limit downside risk)
- Take Profit Targets:
1.
$63.0 (5% gain)
2.
$65.0 (7.5% gain)
3.
$70.0 (16.67% gain)
With these targets, the third take profit offers a potential ROI of over 17%. Monitor RSI for signs of reversal as price approaches targets.
https://privateprofiteers.com
