Dec. 19 at 4:07 PM
Actionable Trade Alert for
$NLY:
Market Context:
$NLY is currently trading at
$22.6, showing a neutral RSI of 45.28, indicating no immediate overbought or oversold conditions. The stock is positioned above its 30-day moving average (MA30) of
$22.2 and significantly above the 50-day moving average (MA50) of
$21.71, suggesting a bullish short-term trend.
Directional Bias: The price is near the 60-day high of
$22.98, which may act as resistance. However, the recent price action indicates potential for upward movement, especially if it breaks through this level.
Trade Plan:
- Suggested Entry:
$22.6
- Stop Loss:
$21.9 (3.1% below entry)
- Take Profit Targets:
- Target 1:
$23.0 (1.8% gain)
- Target 2:
$23.5 (3.9% gain)
- Target 3:
$26.5 (17% gain)
This plan provides a favorable risk-reward ratio, especially with a significant upside potential on Target 3.
For more insights, visit https://privateprofiteers.com.
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