Dec. 17 at 3:45 AM
Actionable Trade Alert for
$MTN:
Market Context:
$MTN closed at
$158.14, showing strong momentum with an RSI of 78.68, indicating overbought conditions. The stock is above its 30-day MA of 144.26 and 50-day MA of 147.06, suggesting bullish sentiment. However, the high of
$163.34 and low of
$132.66 over the last 60 days highlights a potential range for price action.
Directional Bias: Given the current RSI and proximity to the 60D high, a short-term pullback is likely before further upside.
Trade Plan:
- Suggested Entry:
$158.14
- Stop Loss:
$153.37 (below recent support, 3% risk)
- Take Profit Targets:
1.
$162.00 (2.5% gain)
2.
$165.00 (4.3% gain)
3.
$185.00 (17% gain)
With a solid risk-reward ratio, this plan capitalizes on potential upside while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
