Dec. 6 at 2:40 AM
Actionable Trade Alert for
$ONB:
Market Context:
$ONB is currently trading at
$22.41, showing strength as it approaches its 60D high of
$23.05. The RSI at 67.23 indicates it is nearing overbought territory, suggesting caution but also potential for upward momentum. The MA30 at
$20.91 and MA50 at
$21.12 indicate a bullish trend, supporting a positive directional bias.
Trade Plan:
- Suggested Entry:
$22.41
- Stop Loss:
$21.50 (approximately 4% below entry)
- Take Profit Targets:
1.
$23.00 (2.63% gain)
2.
$23.50 (4.86% gain)
3.
$26.25 (17% gain)
The targets are set based on the high-low range and potential price action. A move to
$26.25 aligns with the upward trend and provides a solid risk-reward ratio. Monitor RSI for potential reversals.
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