Dec. 25 at 2:54 PM
Actionable Trade Alert for
$MKTX:
Market Context:
$MKTX closed at
$182.54, showing strong momentum with an RSI of 78.03, indicating overbought conditions. The stock is above the 30-day MA of 171.4 and the 50-day MA of 169.57, suggesting bullish sentiment. However, the high of
$184.0 from the last 60 days indicates a potential resistance level.
Directional Bias: The current price near the 60D high suggests a bullish trend, but the high RSI indicates caution. A pullback could occur, providing a better entry point.
Trade Plan:
- Suggested Entry:
$182.00 (watch for a slight pullback)
- Stop Loss:
$177.81 (below recent support)
- Take Profit Targets:
1.
$185.00 (1.09% gain)
2.
$188.00 (3.18% gain)
3.
$213.00 (16.67% gain)
This trade plan offers a potential ROI of over 17% on the third target, balancing risk and reward effectively. Monitor the stock closely for entry confirmation.
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