Dec. 10 at 2:41 AM
Actionable Trade Alert for
$MMC:
Market Context:
$MMC is currently trading at
$181.25, showing a stable position within the 60-day range of
$174.18 to
$207.83. The RSI at 53.05 indicates a neutral stance, suggesting potential for upward movement without being overbought.
Directional Bias: The price is above the 30-day MA of
$180.89 but below the 50-day MA of
$187.52, indicating a bullish bias with room for growth. The ATR of 2.76 suggests moderate volatility, allowing for meaningful price movements.
Trade Plan:
- Suggested Entry:
$182.00
- Stop Loss:
$177.50 (approximately 2.7% risk)
- Take Profit Targets:
1.
$188.00 (Target 1: 3.3% ROI)
2.
$195.00 (Target 2: 7.1% ROI)
3.
$212.00 (Target 3: 17% ROI)
This plan provides a solid risk-reward ratio while capitalizing on the bullish potential of
$MMC.
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