Dec. 6 at 1:36 AM
Actionable Trade Alert:
$NSC
Market Context:
$NSC is currently trading at
$295.13, showing strong momentum but with an RSI of 68.09, indicating it is nearing overbought territory. The price is above both the 30-day MA of
$284.93 and the 50-day MA of
$288.60, suggesting bullish sentiment. However, caution is warranted as the RSI indicates potential for a pullback.
Directional Bias: Bullish, as the price is near the 60D high of
$302.24, suggesting upward potential.
Trade Plan:
- Suggested Entry:
$295.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$290.00 (to limit risk)
- Take Profit Targets:
1.
$302.00 (2.4% gain)
2.
$310.00 (4.9% gain)
3.
$346.00 (17.3% gain)
This plan provides a solid risk-reward ratio while targeting significant upside potential. Monitor RSI and price action closely for adjustments.
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