Dec. 6 at 3:10 AM
$MC Analysis: The last close at
$66.45 shows a strong position relative to the 30-day moving average (MA30) at
$64.44 and the 50-day moving average (MA50) at
$65.98, indicating bullish momentum. The RSI at 64.62 suggests that the stock is nearing overbought territory but still has room to run. The 60-day high of
$78.05 provides a clear target for potential upside.
Trade Plan:
- Suggested Entry:
$66.50
- Stop Loss:
$64.00 (below MA30 for protection)
- Take Profit Targets:
1.
$70.00 (5.7% ROI)
2.
$73.00 (9.9% ROI)
3.
$78.00 (17.4% ROI)
Market Context: The bullish bias is supported by the proximity to the 60D high and the positive trend indicated by the MAs. The ATR of
$1.97 allows for reasonable movement within this range. Monitor RSI for any signs of reversal as targets are approached.
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