Dec. 9 at 12:49 AM
Actionable Trade Alert for
$MGRC:
Market Context:
$MGRC is currently trading at
$102.94, showing a strong upward momentum with a recent RSI of 64.39, indicating it is nearing overbought territory. The 30-day moving average (MA30) is at
$103.87, suggesting a slight resistance level, while the 50-day moving average (MA50) at
$109.16 indicates potential upside. The 60-day high of
$125.5 provides a significant target range.
Directional Bias: The price is above the MA30 but below the MA50, indicating a bullish sentiment but with caution due to the RSI level. The recent high-low range shows volatility, with a low of
$94.99 and a high of
$125.5.
Trade Plan:
- Suggested Entry:
$103.00
- Stop Loss:
$100.00 (3% risk)
- Take Profit Targets:
1.
$110.00 (6.5% ROI)
2.
$115.00 (11.5% ROI)
3.
$121.00 (17.5% ROI)
This plan offers a solid risk-reward ratio while capitalizing on the upward momentum.
https://privateprofiteers.com
