Dec. 6 at 3:27 AM
Actionable Trade Alert for
$MYRG:
Market Context:
$MYRG is currently trading at
$230.23, showing strength with an RSI of 56.47, indicating bullish momentum without being overbought. The price is above the 30-day moving average (MA30) of
$221.84 and significantly above the 50-day moving average (MA50) of
$214.42, suggesting a positive trend.
Directional Bias: The bullish sentiment is supported by the recent price action, with the 60-day high at
$241.13 providing a potential target. The price is also comfortably above the recent low of
$171.51, indicating resilience.
Trade Plan:
- Suggested Entry:
$231
- Stop Loss:
$218 (6% below entry)
- Take Profit Targets:
1.
$240 (3.9% gain)
2.
$250 (8.2% gain)
3.
$270 (17% gain)
This plan offers a solid risk-reward ratio, with potential for over 17% ROI at the third target.
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