Dec. 8 at 11:20 PM
Actionable Trade Alert for
$MTSI:
Market Context:
$MTSI is currently trading at
$187.79, showing strong momentum with an RSI of 75.93, indicating overbought conditions. The stock is above its 30-day MA of 164.4 and 50-day MA of 151.59, suggesting bullish sentiment. However, the high of
$190.41 in the last 60 days indicates potential resistance.
Directional Bias: Given the high RSI and proximity to the 60D high, a pullback may occur. However, a breakout above
$190.41 could lead to further gains.
Trade Plan:
- Suggested Entry:
$188.50 (slightly above current price to confirm momentum)
- Stop Loss:
$180.00 (to limit risk)
- Take Profit Targets:
- Target 1:
$195.00 (3.5% gain)
- Target 2:
$200.00 (6.5% gain)
- Target 3:
$220.00 (17% gain)
This plan allows for a solid risk-reward ratio while capitalizing on potential upside. Monitor price action closely.
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