Dec. 6 at 3:19 AM
Actionable Trade Alert for
$NWE:
Market Context:
$NWE is currently trading at
$65.67, showing a neutral RSI of 52.72, indicating neither overbought nor oversold conditions. The stock is above its 30-day moving average (MA30) of
$64.49 and significantly above the 50-day moving average (MA50) of
$62.15, suggesting a bullish trend in the short term.
Directional Bias: The price is approaching the 60-day high of
$69.23, which could act as a resistance level. However, the strong position relative to MAs and the neutral RSI suggests potential for upward movement.
Trade Plan:
- Suggested Entry:
$66.00 (slightly above the last close)
- Stop Loss:
$63.50 (to limit risk)
- Take Profit Targets:
1.
$68.00 (approx. 3% gain)
2.
$69.00 (approx. 4.5% gain)
3.
$76.00 (approx. 15.5% gain)
This plan offers a potential ROI of over 17% on the third target. Monitor the stock closely for volatility as indicated by the ATR of 1.39.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
