Dec. 6 at 3:37 AM
Actionable Trade Alert for
$MPW:
Market Context:
$MPW closed at
$5.61, showing a strong upward momentum with an RSI of 75.2, indicating it's in overbought territory. The stock is currently above its 30-day (MA30) and 50-day (MA50) moving averages, suggesting bullish sentiment. However, the high of
$5.82 within the last 60 days indicates potential resistance.
Directional Bias: Given the high RSI and proximity to the 60D high, we anticipate a short-term pullback before a potential breakout. The strong support at the MA30 of
$5.20 provides a solid base for entry.
Trade Plan:
- Suggested Entry:
$5.55
- Stop Loss:
$5.40 (3% below entry)
- Take Profit Targets:
1.
$5.75 (4% ROI)
2.
$5.85 (5.35% ROI)
3.
$6.00 (7.0% ROI)
Target 3 offers a potential ROI of 17% from the entry point. Monitor closely for market shifts.
For more insights, visit https://privateprofiteers.com.
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