Dec. 19 at 4:23 PM
$MKSI: Current market context shows a stable price action with the last close at
$157.01. The RSI at 50.65 indicates neutral momentum, suggesting potential for upward movement. The price is above the 30-day MA of
$154.18 and significantly above the 50-day MA of
$147.80, indicating bullish sentiment. The 60-day high of
$170.37 offers a clear resistance level, while the low of
$119.62 provides a solid support base.
Actionable Trade Plan:
- Suggested Entry:
$157.50
- Stop Loss:
$150.00 (approx. 4.8% risk)
- Take Profit Targets:
1.
$165.00 (approx. 4.8% gain)
2.
$170.00 (approx. 7.9% gain)
3.
$184.00 (approx. 17.2% gain)
This trade plan aims for a minimum of 17% ROI on the third target, leveraging the current bullish trend indicated by the moving averages. Monitor price action closely for any changes in momentum.
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