Dec. 15 at 7:24 AM
Actionable Trade Alert for
$PECO:
Current market context shows
$PECO closing at
$35.05 with an RSI of 45.85, indicating neutral momentum. The 30-day moving average (MA30) is at
$34.75, and the 50-day moving average (MA50) is at
$34.47, suggesting a slight bullish bias as the price is above both MAs. The 60-day high of
$35.77 provides a resistance level, while the low of
$32.98 offers support.
Trade Plan:
- Suggested Entry:
$35.10 (slightly above the last close)
- Stop Loss:
$34.50 (below MA30 for protection)
- Take Profit Targets:
1. Target 1:
$36.00 (2.57% gain)
2. Target 2:
$37.00 (5.43% gain)
3. Target 3:
$41.00 (17% gain)
This trade plan capitalizes on the potential upward movement towards the 60-day high, with a solid risk-reward ratio. Monitor RSI for further confirmation of bullish momentum.
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