Dec. 11 at 10:39 PM
Actionable Trade Alert for
$MAR:
Market Context: The stock is currently trading at
$293.65, showing strength as it is above the 30-day moving average (MA30) of
$288.5 and the 50-day moving average (MA50) of
$279.63. The Relative Strength Index (RSI) at 59.46 indicates bullish momentum, but not overbought, suggesting room for further upside.
Directional Bias: The recent price action is favorable, with the stock near its 60-day high of
$309.43, indicating potential for upward movement. The ATR of 6.96 suggests moderate volatility, allowing for reasonable price swings.
Trade Plan:
- Suggested Entry:
$295.00
- Stop Loss:
$285.00 (10% below entry)
- Take Profit Targets:
1.
$305.00 (3.39% gain)
2.
$315.00 (6.76% gain)
3.
$345.00 (17.50% gain)
With these targets, we aim for a minimum of 17% ROI on the third target while maintaining a solid risk-reward ratio.
https://privateprofiteers.com
