Dec. 8 at 11:53 PM
$PB Actionable Trade Alert:
Market Context: With the last close at
$70.89,
$PB is currently trading near its 60D High of
$71.45, indicating upward momentum. However, the RSI at 82.85 suggests that the stock is overbought, which could lead to a potential pullback.
Directional Bias: The strong performance is supported by the MA30 at
$67.24 and MA50 at
$66.20, both indicating bullish sentiment. The proximity to the 60D High suggests a resistance level, while the low of
$61.07 indicates a solid support base.
Trade Plan:
- Suggested Entry:
$70.50 (slightly below current price to capture potential pullback)
- Stop Loss:
$68.50 (to limit downside risk)
- Take Profit Targets:
- TP1:
$73.00 (3.0% gain)
- TP2:
$75.00 (6.0% gain)
- TP3:
$82.00 (15.7% gain)
This plan offers a potential ROI of over 17% on TP3 while maintaining a disciplined risk management approach.
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