Dec. 6 at 3:26 AM
$MWA Actionable Trade Alert:
Market Context:
$MWA is currently experiencing bullish momentum, closing at
$24.64. The RSI of 77.3 indicates overbought conditions, suggesting a potential pullback. However, the price is above the 30-day moving average (MA30) of
$24.49, indicating a short-term uptrend.
Directional Bias: The price is within the 60-day high-low range (high of
$26.55 and low of
$22.74), suggesting potential for upward movement. The 50-day moving average (MA50) at
$24.87 also supports a bullish outlook, despite the high RSI.
Trade Plan:
- Suggested Entry:
$24.70
- Stop Loss:
$24.20 (below MA30)
- Take Profit Targets:
1.
$25.50 (Target 1, 3.24% ROI)
2.
$26.00 (Target 2, 5.41% ROI)
3.
$28.90 (Target 3, 17.00% ROI)
This plan aligns with current market conditions and offers a structured approach to capitalize on potential price movement.
https://privateprofiteers.com
