Dec. 8 at 10:36 PM
Actionable Trade Alert for
$MPC:
Market Context:
$MPC is currently trading at
$190.15, with the RSI at 41.21, indicating a neutral to slightly bearish momentum. The stock is below both the 30-day MA (193.31) and the 50-day MA (191.48), suggesting potential resistance levels ahead. The recent 60-day high is
$202.3 and the low is
$175.0, indicating a range of volatility.
Directional Bias: Given the current RSI and position relative to MAs, a cautious bullish bias is warranted, anticipating a rebound towards resistance levels.
Trade Plan:
- Suggested Entry:
$190.15
- Stop Loss:
$185.00 (risking
$5.15)
- Take Profit Targets:
1.
$195.00 (Target 1: 2.4% ROI)
2.
$198.00 (Target 2: 4.1% ROI)
3.
$222.00 (Target 3: 16.7% ROI)
This plan provides a solid risk-reward ratio, with the potential for a 17% ROI or more on the final target. Monitor closely for market changes.
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