Dec. 6 at 2:27 AM
Actionable Trade Alert for
$MANH:
Market Context:
$MANH closed at
$178.6, showing stability with an RSI of 52.48, indicating a neutral trend. The price is above the 30-day moving average (MA30) of
$178.16, suggesting bullish momentum, while the 50-day moving average (MA50) of
$187.61 indicates potential resistance.
Directional Bias: Given the current price position relative to MA30 and MA50, along with the RSI being in a neutral range, we anticipate a bullish trend towards the 60-day high of
$220.2.
Trade Plan:
- Suggested Entry:
$179.00
- Stop Loss:
$173.00 (approximately 3.9% below entry)
- Take Profit Targets:
1.
$190.00 (5.8% ROI)
2.
$205.00 (14.6% ROI)
3.
$210.00 (17.4% ROI)
This strategy provides a solid risk-reward ratio with potential for over 17% ROI on the third target. Monitor closely for market conditions.
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