Dec. 6 at 1:29 AM
Actionable Trade Alert for
$NEM:
Market Context:
$NEM closed at
$90.72, showing a stable position within its 60-day range of
$76.05 to
$98.58. The RSI at 52.16 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The current price is above the 30-day MA of
$85.78 and the 50-day MA of
$86.71, indicating bullish sentiment. The price is closer to the 60-day high of
$98.58, allowing for potential gains.
Trade Plan:
- Suggested Entry:
$90.72
- Stop Loss:
$87.00 (below recent support)
- Take Profit Targets:
1.
$94.00 (4.0% gain)
2.
$97.00 (6.5% gain)
3.
$106.00 (17% gain)
This plan provides a solid risk-reward ratio, with the third target offering over 17% ROI. Monitor market conditions closely for any changes.
For more insights, visit https://privateprofiteers.com.
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