Dec. 15 at 7:28 AM
Actionable Trade Alert for
$NNI:
Market Context:
$NNI is currently trading at
$132.99, showing bullish momentum with an RSI of 63.59, indicating potential overbought conditions but still room for upward movement. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, suggesting a strong upward trend.
Directional Bias: The price is approaching the 60-day high of
$136.68, indicating a potential breakout. The distance from the 60D low of
$121.27 provides a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$133.50
- Stop Loss:
$129.00 (approximately 3.8% risk)
- Take Profit Targets:
1.
$136.00 (Target 1: 1.9% gain)
2.
$138.00 (Target 2: 3.8% gain)
3.
$155.00 (Target 3: 16.5% gain)
This trade plan offers a potential ROI of over 17% on the third target, aligning with the bullish trend indicated by the RSI and moving averages.
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