Dec. 6 at 2:43 AM
$NNN: The current market context shows a close at
$40.64, with an RSI of 45.17 indicating a neutral momentum. The price is trading below the 30-day moving average (MA30) of
$40.94 and the 50-day moving average (MA50) of
$41.51, suggesting potential resistance. The 60-day high of
$43.39 provides a target for upward movement, while the low of
$39.46 offers support.
Directional bias is slightly bearish due to the price being under both MAs, but the proximity to the 60-day low suggests a possible rebound.
Suggested entry:
$40.70 (slightly above the last close).
Stop loss:
$39.40 (below the 60D low).
Take profit targets:
1.
$41.50 (TP1 - 1.96% gain)
2.
$42.00 (TP2 - 3.22% gain)
3.
$43.00 (TP3 - 5.34% gain, aiming for a total ROI of 17% when considering a larger position size).
Monitor price action closely for any signs of reversal.
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