Dec. 10 at 4:58 AM
Actionable Trade Alert for
$NATL:
Market Context:
$NATL is currently trading at
$37.12, showing strong momentum with an RSI of 71.09, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$36.31 and close to its 50-day moving average (MA50) of
$37.20, suggesting bullish sentiment but caution due to potential pullback.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$42.23, there is a risk of a correction. However, if momentum continues, we can target higher levels.
Trade Plan:
- Suggested Entry:
$37.12
- Stop Loss:
$35.50 (approx. 4.35% risk)
- Take Profit Targets:
1. Target 1:
$39.00 (approx. 5.06% gain)
2. Target 2:
$40.00 (approx. 7.68% gain)
3. Target 3:
$43.50 (approx. 17.00% gain)
This plan offers a favorable risk-reward ratio while aligning with current market metrics. Monitor closely for any signs of reversal.
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