Dec. 25 at 3:06 PM
$MSGS: Current market context shows a strong bullish sentiment with the last close at
$259.12. The RSI at 84.69 indicates overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (228.67) and 50-day MA (225.86), indicating overall upward momentum.
Directional bias remains bullish, but caution is warranted due to the high RSI. The 60D high is
$261.65, just above the current price, which could act as a resistance level.
Trade Plan:
- Suggested Entry:
$259.12
- Stop Loss:
$251.28 (approximately 3% below entry)
- Take Profit Targets:
- Target 1:
$265.00 (2.24% gain)
- Target 2:
$270.00 (4.20% gain)
- Target 3:
$303.00 (17% gain)
This plan allows for potential gains while managing risk effectively. Monitor RSI for signs of reversal before entering.
https://privateprofiteers.com