Dec. 25 at 2:46 PM
Actionable Trade Alert for
$MOH:
Market Context:
$MOH is currently trading at
$163.47, showing strong momentum. The RSI at 72.04 indicates overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (151.86) and the 50-day MA (157.3), indicating bullish sentiment in the medium term.
Directional Bias: The recent high of
$206.89 and a low of
$133.4 over the last 60 days provide a clear range. The price is closer to the high, suggesting potential resistance ahead.
Trade Plan:
- Suggested Entry:
$163.50
- Stop Loss:
$157.00 (approximately 4% below entry)
- Take Profit Targets:
1. Target 1:
$175.00 (7% gain)
2. Target 2:
$185.00 (13% gain)
3. Target 3:
$191.00 (17% gain)
This plan allows for a risk-reward ratio that aligns with the market's current conditions. Monitor the RSI and price action closely for adjustments.
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