Dec. 10 at 3:40 AM
Actionable Trade Alert for
$PAG
Market Context:
$PAG is currently trading at
$165.47, showing strength but nearing overbought conditions with an RSI of 69.52. The price is above the 30-day moving average (MA30) of
$160.11 and close to the 50-day moving average (MA50) of
$164.1, indicating bullish momentum. The recent 60-day high of
$182.25 suggests potential upside.
Directional Bias: The upward trend is supported by the proximity to MA30 and MA50, but the high RSI indicates caution. The price is within a range defined by the 60D high of
$182.25 and low of
$152.17.
Trade Plan:
- Suggested Entry:
$165.50
- Stop Loss:
$160.00 (approximately 3% risk)
- Take Profit Targets:
- Target 1:
$172.00 (4% gain)
- Target 2:
$178.00 (7.5% gain)
- Target 3:
$194.00 (17.3% gain)
This plan offers a favorable risk-reward ratio with a potential ROI of over 17% at Target 3. Monitor the RSI for signs of reversal.
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