Dec. 8 at 11:44 PM
Actionable Trade Alert for
$PATH:
Market Context:
$PATH is currently trading at
$19.37, with a strong RSI of 86.98 indicating overbought conditions. The stock is near its 60-day high of
$19.84, suggesting potential resistance. The moving averages (MA30 at 14.87 and MA50 at 15.04) indicate a bullish trend, but the high RSI signals caution for short-term entries.
Directional Bias: Given the high RSI and proximity to the 60D high, we expect a pullback or consolidation before further upward movement.
Trade Plan:
- Suggested Entry:
$19.00 (anticipate a slight retracement)
- Stop Loss:
$18.00 (to limit downside risk)
- Take Profit Targets:
1.
$20.00 (5% gain)
2.
$21.00 (8.5% gain)
3.
$22.67 (17% gain)
This plan capitalizes on potential upward movement while managing risk effectively. Monitor for signs of reversal or continuation near the targets.
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