Dec. 19 at 4:39 PM
$PATH Actionable Trade Alert:
Market Context:
$PATH is currently trading at
$15.94, showing bullish momentum with an RSI of 61.85, indicating potential for further upside. The price is above the 30-day MA of
$15.24 and the 50-day MA of
$15.6, which supports a bullish bias.
Directional Bias: The price is approaching the 60-day high of
$19.84, suggesting room for growth. Given the current RSI and the price's position relative to moving averages, we anticipate upward movement.
Trade Plan:
- Suggested Entry:
$15.94
- Stop Loss:
$14.50 (approximately 9% below entry)
- Take Profit Targets:
1. Target 1:
$17.00 (6.66% gain)
2. Target 2:
$18.00 (12.63% gain)
3. Target 3:
$18.67 (17.00% gain)
This plan provides a clear path to capitalize on the bullish trend while managing risk effectively.
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