Dec. 9 at 12:30 AM
$OUT: The stock closed at
$23.20, showing strong momentum with an RSI of 71.35, indicating it is overbought. However, the price is near the 60D high of
$23.57, suggesting potential resistance. The MA30 at
$20.92 and MA50 at
$19.71 indicate a bullish trend, supporting the upward movement.
Actionable Trade Alert:
- Suggested Entry:
$23.25 (slightly above the last close to confirm momentum)
- Stop Loss:
$22.50 (to limit downside risk)
- Take Profit Targets:
1.
$24.00 (3.25% gain)
2.
$25.00 (7.25% gain)
3.
$27.00 (16.5% gain)
The targets are set based on the potential for the stock to break through resistance levels while ensuring a risk-reward ratio that meets our criteria. The stop loss is strategically placed to protect against significant downturns. Monitor the stock closely for any signs of reversal.
For further insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
