Dec. 25 at 2:23 PM
Actionable Trade Alert for
$MDGL:
Market Context:
$MDGL is currently trading at
$602.82, showing a bullish sentiment with an RSI of 55.96, indicating potential upward momentum. The price is above both the 30-day MA of
$567.58 and the 50-day MA of
$519.09, suggesting strong support levels.
Directional Bias: The stock is positioned well within its recent high-low range, with the 60D high at
$615.0 and the low at
$393.61. The current price is closer to the high, supporting a bullish outlook.
Trade Plan:
- Suggested Entry:
$605.00
- Stop Loss:
$590.00 (2.5% risk)
- Take Profit Targets:
1. Target 1:
$620.00 (2.5% gain)
2. Target 2:
$635.00 (4.9% gain)
3. Target 3:
$705.00 (16.9% gain)
This plan offers a potential ROI of over 17% at Target 3, aligning with the bullish trend indicated by the RSI and moving averages.
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