Dec. 12 at 12:18 AM
Actionable Trade Alert for
$MCY:
Market Context:
$MCY is currently trading at
$91.2, showing strength with an RSI of 61.74, indicating bullish momentum. The stock is above its 30-day moving average (MA30) of 87.58 and 50-day moving average (MA50) of 84.95, suggesting a positive trend.
Directional Bias: The price is near the 60-day high of
$95.0, which presents a key resistance level. The bullish sentiment is supported by the RSI being above 60, indicating potential for further upside.
Trade Plan:
- Suggested Entry:
$91.5 (slightly above the last close to confirm momentum)
- Stop Loss:
$88.5 (to limit risk)
- Take Profit Targets:
1. Target 1:
$93.0 (2% gain)
2. Target 2:
$94.5 (3.5% gain)
3. Target 3:
$106.0 (16.3% gain)
This plan allows for a risk-reward ratio of over 1:3, with the potential for a 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
