Dec. 6 at 3:16 AM
Actionable Trade Alert for
$MGY:
Market Context:
$MGY closed at
$23.41, showing strength with an RSI of 56.54, indicating bullish momentum without being overbought. The price is above the 30-day MA of
$22.73 but slightly below the 50-day MA of
$23.06, suggesting potential upward movement.
Directional Bias: The current price is near the 60-day high of
$25.45, indicating room for growth. The ATR of
$0.66 suggests moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$23.50 (slightly above the current close to confirm upward momentum)
- Stop Loss:
$22.80 (below the 30-day MA to minimize risk)
- Take Profit Targets:
1.
$24.50 (4.26% ROI)
2.
$25.00 (6.20% ROI)
3.
$27.40 (16.67% ROI)
This plan targets a minimum of 17% ROI on the third target, capitalizing on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
