Dec. 10 at 4:39 AM
Actionable Trade Alert for
$MYRG:
Market Context:
$MYRG is currently trading at
$226.29, showing a moderate bullish sentiment with an RSI of 53.17, indicating potential for upward movement. The price is above the 30-day moving average (MA30) of
$223.17 and significantly above the 50-day moving average (MA50) of
$216.21, suggesting a positive trend.
Directional Bias: The price is positioned favorably within the 60-day high of
$241.13 and low of
$171.51, indicating room for growth. The ATR of 10.83 suggests volatility, allowing for potential gains.
Suggested Trade Plan:
- Entry:
$227.00
- Stop Loss:
$220.00 (3% risk)
- Take Profit Targets:
1.
$235.00 (Target 1: 3.52% ROI)
2.
$240.00 (Target 2: 5.68% ROI)
3.
$265.00 (Target 3: 17% ROI)
With the current setup, targeting the third take profit offers a solid risk-reward ratio. Monitor closely for market conditions.
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