Dec. 12 at 12:51 AM
$NMIH: Current market context shows a recent close at
$39.15, with an RSI of 68.38 indicating overbought conditions. The 30-day MA at
$37.5 and 50-day MA at
$36.97 suggest bullish momentum, but the RSI indicates caution as it approaches overbought territory. The 60-day high of
$40.4 presents a resistance level, while the low of
$34.84 provides support.
Actionable Trade Alert:
- Suggested Entry:
$39.15
- Stop Loss:
$37.50 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$40.00 (1.9% gain)
2. Target 2:
$41.00 (4.6% gain)
3. Target 3:
$45.00 (14.9% gain)
With a focus on the high-low range and moving averages, the trade plan aims for a potential ROI of over 17% at the third target. Monitor market conditions closely as RSI indicates a possible pullback.
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