Dec. 8 at 11:48 PM
Actionable Trade Alert for
$NUVL:
Market Context:
$NUVL closed at
$108.89, showing strength above its 30-day moving average (MA30) of
$101.89 and significantly above the 50-day moving average (MA50) of
$96.48. The RSI of 51.81 indicates a neutral stance, suggesting potential for upward momentum.
Directional Bias: With the current price near the 60-day high of
$112.88, there is potential for a breakout. The price is also well above the recent low of
$75.20, indicating a bullish trend.
Trade Plan:
- Suggested Entry:
$109.00 (slightly above the last close)
- Stop Loss:
$104.63 (based on ATR of 4.26, approximately 4% below entry)
- Take Profit Targets:
- Target 1:
$112.00 (approx. 2.75% ROI)
- Target 2:
$115.00 (approx. 5.50% ROI)
- Target 3:
$127.00 (approx. 16.57% ROI)
This plan aims for a minimum of 17% ROI on Target 3. Monitor closely for market conditions.
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