Dec. 12 at 12:25 AM
Actionable Trade Alert for
$NSA:
Market Context:
$NSA is currently trading at
$29.74, showing a strong bullish sentiment with an RSI of 70.54, indicating overbought conditions. The price is above the 30-day MA of
$29.44 but below the 50-day MA of
$30.13, suggesting potential resistance ahead. The 60-day high of
$32.79 indicates room for upward movement, but caution is warranted due to the overbought RSI.
Directional Bias: Given the current price action and RSI, we anticipate a pullback before a potential surge towards the 60-day high.
Suggested Trade Plan:
- Entry:
$29.50 (considering a slight pullback)
- Stop Loss:
$28.50 (to manage risk)
- Take Profit Targets:
1.
$31.00 (approx. 5% ROI)
2.
$31.75 (approx. 7.5% ROI)
3.
$34.75 (approx. 17% ROI)
Monitor the trade closely, especially around the MA levels and RSI. Adjust stop loss to lock in profits as targets are hit.
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