Dec. 10 at 3:02 AM
Actionable Trade Alert for
$NRG:
Market Context:
$NRG closed at
$166.75, hovering near its 30-day moving average (MA30) of
$167.69 and 50-day moving average (MA50) of
$167.06. The RSI at 50.31 indicates a neutral stance, suggesting potential for upward momentum.
Directional Bias: Given that the price is near the MA30 and MA50, and considering the 60-day high of
$180.54, there is a bullish bias. The proximity to the 60-day low of
$155.39 provides a solid risk-reward setup.
Trade Plan:
- Suggested Entry:
$167.00
- Stop Loss:
$162.00 (approx. 3% risk)
- Take Profit Targets:
1.
$172.00 (3% gain)
2.
$177.00 (6% gain)
3.
$195.00 (16.9% gain)
With a potential ROI of over 17% on the third target, this trade aligns with our bullish outlook. Monitor the ATR of 6.81 for volatility adjustments.
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