Dec. 5 at 10:28 PM
Actionable Trade Alert for
$MKTX:
Market Context:
$MKTX is currently trading at
$167.25, showing a bearish sentiment as indicated by an RSI of 38.87, suggesting potential oversold conditions. The price is below the 30-day MA of 165.47 and the 50-day MA of 168.33, reinforcing a downward trend. The 60-day high of 190.47 and low of 156.17 indicate a range that we can leverage for potential gains.
Directional Bias: The current RSI suggests a potential reversal, and the proximity to the 60D low may provide a buying opportunity for a bounce back.
Trade Plan:
- Suggested Entry:
$167.25
- Stop Loss:
$162.00 (below recent support)
- Take Profit Targets:
1.
$172.00 (3% gain)
2.
$178.00 (6.5% gain)
3.
$195.00 (16.6% gain)
This plan aims for at least a 17% ROI on the third target. Monitor closely for market changes.
https://privateprofiteers.com
