Dec. 15 at 7:20 AM
Actionable Trade Alert for
$MMSI:
Market Context:
$MMSI is currently trading at
$86.7, showing a neutral RSI at 47.07, indicating potential for upward movement. The stock is above its 30-day moving average (MA30) of
$86.17 and significantly above its 50-day moving average (MA50) of
$84.63, suggesting bullish momentum. The 60-day high of
$90.16 provides a key resistance level, while the low of
$78.12 indicates a solid support range.
Directional Bias: Given the current price is above MA30 and MA50, and with RSI showing no overbought conditions, there is a favorable bias for a bullish trade.
Trade Plan:
- Suggested Entry:
$86.80
- Stop Loss:
$84.50 (approximately 2.65% risk)
- Take Profit Targets:
1.
$88.50 (2% gain)
2.
$90.00 (3.5% gain)
3.
$101.00 (16.5% gain, 17%+ ROI)
This trade plan allows for a strategic entry with defined risk and multiple profit-taking opportunities.
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