Dec. 11 at 11:56 PM
$NFG Actionable Trade Alert:
Market Context:
$NFG is currently trading at
$82.62, showing bullish momentum with an RSI of 61.25, indicating it is not overbought yet. The price is above the 30-day moving average (MA30) of
$80.7 and close to the 50-day moving average (MA50) of
$82.4, suggesting a strong upward trend. The recent 60-day high of
$94.13 provides a potential resistance level.
Directional Bias: The bullish sentiment is reinforced by the price being above both MA30 and MA50, indicating a positive trend. The RSI suggests room for further upside before reaching overbought conditions.
Trade Plan:
- Suggested Entry:
$82.70 (slightly above the last close to confirm momentum)
- Stop Loss:
$80.00 (below MA30 for protection)
- Take Profit Targets:
1. Target 1:
$86.00 (4.0% gain)
2. Target 2:
$90.00 (8.8% gain)
3. Target 3:
$97.00 (17.4% gain)
This plan offers a balanced risk-reward profile with a potential ROI of over 17% on the third target.
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