Dec. 10 at 3:56 AM
Actionable Trade Alert for
$PATH:
Market Context:
$PATH is currently trading at
$18.98, showing strong momentum as indicated by an RSI of 83.08, suggesting overbought conditions. However, this high RSI reflects bullish sentiment, and the stock has been on an upward trend.
Directional Bias: The stock is above its 30-day MA of 14.92 and 50-day MA of 15.17, indicating a strong bullish trend. The recent 60-day high of 19.84 presents a potential resistance level, while the low of 11.42 indicates a solid support base.
Trade Plan:
- Suggested Entry:
$18.98
- Stop Loss:
$17.50 (approx. 7.8% below entry)
- Take Profit Targets:
1.
$20.00 (5.4% gain)
2.
$21.50 (13.0% gain)
3.
$22.25 (17.5% gain)
With a well-structured risk-reward setup, this trade offers a solid potential ROI, especially with the third target exceeding 17%. Monitor market conditions closely for any changes.
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