Dec. 8 at 11:50 PM
Actionable Trade Alert for
$ORA:
Market Context:
$ORA is currently trading at
$110.63, showing strength with an RSI of 58.39, indicating bullish momentum but not overbought. The stock is above its 30-day moving average (MA30) of
$110.12 and significantly above its 50-day moving average (MA50) of
$107.96, suggesting a positive trend.
Directional Bias: The recent high of
$115.72 indicates potential upside, while the low of
$90.77 provides a solid support base. The current price is positioned favorably within this range.
Trade Plan:
- Suggested Entry:
$111.00
- Stop Loss:
$108.50 (below MA30)
- Take Profit Targets:
1.
$113.00 (approx. 1.8% ROI)
2.
$115.00 (approx. 3.6% ROI)
3.
$129.00 (approx. 16.6% ROI)
With a focus on the upward momentum and favorable technical indicators, this trade plan aims for a minimum of 17% ROI on the final target.
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