Dec. 15 at 7:43 AM
$NP: Current market context shows a strong bullish momentum with the last close at
$27.73. The RSI at 71.12 indicates overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (24.92) and 50-day MA (25.57), reinforcing a bullish bias. The 60-day high of
$33.24 provides a resistance level, while the low of
$22.00 establishes support.
Actionable Trade Plan:
- Suggested Entry:
$27.73
- Stop Loss:
$25.50 (below the 50-day MA)
- Take Profit Targets:
1.
$30.00 (approx. 8.2% ROI)
2.
$32.00 (approx. 15.4% ROI)
3.
$33.00 (approx. 19.4% ROI)
Given the current metrics, a move towards the 60D high is plausible, offering a potential ROI exceeding 17% at the third target. Monitor RSI for signs of reversal as targets are approached.
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