Dec. 6 at 2:44 AM
Actionable Trade Alert for
$PATH:
Market Context:
$PATH is currently trading at
$18.48, near its 60D high of
$18.74, indicating bullish momentum. However, with an RSI of 78.92, it suggests the stock is overbought, which could lead to a pullback. The MA30 (14.67) and MA50 (14.77) are significantly lower, indicating strong upward movement.
Directional Bias: Given the high RSI and proximity to the 60D high, we anticipate a potential short-term pullback followed by a continuation of the upward trend.
Trade Plan:
- Suggested Entry:
$18.50
- Stop Loss:
$17.00 (8.1% below entry)
- Take Profit Targets:
- TP1:
$19.00 (2.7% gain)
- TP2:
$20.00 (8.1% gain)
- TP3:
$21.50 (16.5% gain)
With TP3 achieving over 17% ROI, this trade presents a favorable risk-reward scenario. Monitor RSI for signs of reversal before entering.
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