Dec. 6 at 3:16 AM
Actionable Trade Alert for
$NMRK:
Market Context:
$NMRK is currently trading at
$17.79, showing a strong upward momentum as indicated by an RSI of 64.25, suggesting it is nearing overbought territory but still has room to run. The stock is above its 30-day moving average (MA30) of
$17.36 and close to its 50-day moving average (MA50) of
$17.68, indicating bullish sentiment.
Directional Bias: The recent price action is positive, with the stock trading near the 60-day high of
$19.83, which presents a potential breakout opportunity. The ATR of 0.65 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$17.80
- Stop Loss:
$17.10 (approximately 3.9% below entry)
- Take Profit Targets:
1. Target 1:
$18.50 (3.9% gain)
2. Target 2:
$19.00 (6.7% gain)
3. Target 3:
$20.80 (17.8% gain)
This plan offers a solid risk-reward ratio with potential for over 17% ROI on the final target.
For more insights, visit https://privateprofiteers.com.
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