Dec. 19 at 3:41 PM
Actionable Trade Alert for
$MLM:
Market Context:
$MLM closed at
$627.38, showing a stable position within the 60-day high of
$665.18 and low of
$585.00. The RSI at 52.14 indicates a neutral market sentiment, suggesting potential for upward movement.
Directional Bias: With the MA30 at
$614.26 and MA50 at
$618.65, the price is above both moving averages, indicating bullish momentum. The ATR of 14.27 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$630.00 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$610.00 (below MA30 for risk management)
- Take Profit Targets:
1.
$645.00 (2.36% ROI)
2.
$655.00 (4.41% ROI)
3.
$735.00 (17.19% ROI)
This plan provides a solid risk-reward ratio, capitalizing on the current bullish sentiment while managing risks effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
