Dec. 6 at 1:31 AM
Actionable Trade Alert for
$NOC:
Market Context:
$NOC is currently trading at
$553.0, situated between its 60D high of
$640.9 and low of
$543.66. The RSI at 45.89 indicates a neutral momentum, suggesting potential for an upward correction.
Directional Bias: The price is below the 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. However, the proximity to the 60D low suggests a possible reversal opportunity.
Trade Plan:
- Suggested Entry:
$553.0
- Stop Loss:
$543.0 (below the 60D low)
- Take Profit Targets:
1.
$580.0 (5% ROI)
2.
$605.0 (9.4% ROI)
3.
$648.0 (17.2% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio, aiming for a significant return on the third target while maintaining a manageable stop loss.
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