Dec. 19 at 3:25 PM
Actionable Trade Alert for
$NOC:
Market Context:
$NOC is currently trading at
$559.52, showing a neutral to bearish sentiment with an RSI of 42.75, indicating potential for upward movement as it approaches the oversold territory. The price is below the 30-day moving average (MA30) of
$561.78 and significantly below the 50-day moving average (MA50) of
$576.61, suggesting a bearish trend. However, the price is within the 60-day high-low range of
$640.90 and
$543.66, indicating room for recovery.
Directional Bias: Given the current RSI and proximity to the 60D low, there is a potential for a rebound.
Trade Plan:
- Suggested Entry:
$560.00
- Stop Loss:
$543.00 (below the 60D low)
- Take Profit Targets:
1.
$580.00 (3.5% ROI)
2.
$600.00 (7.2% ROI)
3.
$655.00 (17% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor closely for any shifts in market sentiment.
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