Dec. 6 at 2:28 AM
Actionable Trade Alert for
$MKSI:
Market Context:
$MKSI is currently trading at
$163.35, showing strong momentum as indicated by an RSI of 73.85, suggesting it is overbought. However, the price is near its 60D High of
$164.79, indicating potential resistance.
Directional Bias: Given the high RSI and proximity to recent highs, we anticipate a pullback or consolidation before further upside. The MA30 (147.91) and MA50 (141.65) provide support levels below the current price.
Trade Plan:
- Suggested Entry:
$162.00 (anticipating a slight pullback)
- Stop Loss:
$158.68 (below recent support, approximately 3% risk)
- Take Profit Targets:
- Target 1:
$170.00 (4.6% gain)
- Target 2:
$175.00 (7.1% gain)
- Target 3:
$191.00 (17% gain)
This plan allows for a strategic entry while managing risk effectively, aiming for a significant ROI on the third target.
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