Dec. 6 at 1:53 AM
Actionable Trade Alert for
$NTRA:
Market Context:
$NTRA closed at
$242.06, approaching the 60D high of
$243.73. The RSI is at 87.84, indicating an overbought condition, suggesting potential for a pullback. The MA30 and MA50 are significantly lower at 212.37 and 196.33, respectively, indicating a strong upward trend but also highlighting potential volatility.
Directional Bias: The current price is near the high of the 60-day range, which could lead to a reversal. However, the strong upward momentum suggests a cautious bullish stance.
Trade Plan:
- Suggested Entry:
$242.06
- Stop Loss:
$235.26 (below recent support, approximately 3% downside)
- Take Profit Targets:
1. Target 1:
$250.00 (3.3% gain)
2. Target 2:
$260.00 (7.4% gain)
3. Target 3:
$284.00 (17.3% gain)
This plan aims for a minimum of 17% ROI on the third target while managing risk with a reasonable stop loss. Monitor RSI for signs of reversal before entering.
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