Dec. 6 at 2:50 AM
Actionable Trade Alert for
$MIR:
Market Context:
$MIR is currently trading at
$25.5, showing a solid position within its recent range. The RSI at 58.31 indicates bullish momentum, suggesting potential upward movement. The 60D high of
$30.28 offers a clear target, while the 60D low of
$19.59 provides a solid support level.
Directional Bias: The price is above the 30-day MA of
$25.97 but below the 50-day MA of
$25.02, indicating a potential bullish reversal. The current RSI suggests strength, and the ATR of 1.31 indicates moderate volatility, allowing for reasonable profit targets.
Trade Plan:
- Suggested Entry:
$25.5
- Stop Loss:
$24.5 (1 point below recent support)
- Take Profit Targets:
1. TP1:
$27.5 (8% ROI)
2. TP2:
$29.0 (14% ROI)
3. TP3:
$30.0 (17.6% ROI)
This plan leverages the current bullish momentum while managing risk effectively.
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