Dec. 11 at 10:31 PM
Actionable Trade Alert for
$NOW:
Market Context: The stock closed at
$865.14, with a high RSI of 78.31 indicating overbought conditions. The MA30 at
$849.56 is below the current price, suggesting short-term bullish momentum, while the MA50 at
$876.87 indicates a potential resistance level.
Directional Bias: Given the high RSI and proximity to the 60D high of
$973.63, there is a risk of a pullback. However, the strong close above the MA30 suggests a bullish trend in the short term.
Trade Plan:
- Suggested Entry:
$865.14
- Stop Loss:
$845.00 (approximately 2.3% below entry)
- Take Profit Targets:
1. Target 1:
$895.00 (3.4% gain)
2. Target 2:
$925.00 (6.9% gain)
3. Target 3:
$1,015.00 (17.4% gain)
This plan allows for a potential 17%+ ROI on the third target while maintaining a manageable risk. Monitor RSI and price action closely for adjustments.
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