Dec. 8 at 11:51 PM
Actionable Trade Alert for
$MUSA:
Market Context:
$MUSA is currently trading at
$394.21, showing strong momentum with an RSI of 73.68, indicating overbought conditions. The stock is above its 30-day MA of 375.13 and 50-day MA of 377.57, suggesting bullish sentiment.
Directional Bias: The recent price action is near the 60-day high of
$409.91, indicating potential resistance. However, the bullish trend is supported by the proximity to the moving averages, which are trending upwards.
Trade Plan:
- Suggested Entry:
$395.00
- Stop Loss:
$375.00 (approximately 5% below the entry)
- Take Profit Targets:
1.
$405.00 (2.5% gain)
2.
$415.00 (5% gain)
3.
$462.00 (17.3% gain)
Rationale: The targets are set based on the recent high and projected upward movement, with the third target providing a significant ROI. Monitor RSI for potential reversal signals.
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