Dec. 8 at 11:59 PM
Actionable Trade Alert for
$NXST:
Market Context:
$NXST is currently trading at
$189.62, showing a neutral to slightly bullish sentiment with an RSI of 54.46. The price is near the 30-day moving average (MA30) of
$190.05 but below the 50-day moving average (MA50) of
$192.55, indicating potential resistance ahead.
Directional Bias: The RSI suggests that the stock is neither overbought nor oversold, while the proximity to the MA30 indicates a possible breakout. The 60-day high of
$209.8 provides a target for upward movement, while the low of
$179.82 sets a clear support level.
Trade Plan:
- Suggested Entry:
$190.50 (breakout above MA30)
- Stop Loss:
$185.00 (below recent support)
- Take Profit Targets:
1.
$195.00 (2.5% gain)
2.
$200.00 (4.9% gain)
3.
$222.00 (17% gain)
This plan offers a solid risk-reward ratio, capitalizing on upward momentum while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
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