Dec. 8 at 10:25 PM
Actionable Trade Alert for
$PFE:
Market Context:
$PFE closed at
$26.00, showing a solid position above its 30-day moving average (MA30) of
$25.10 and 50-day moving average (MA50) of
$25.17. The RSI at 60.68 indicates bullish momentum, suggesting potential upward movement.
Directional Bias: The current price is near the 60-day high of
$27.69, indicating upward potential. The RSI suggests the stock is not overbought, allowing for further gains.
Trade Plan:
- Suggested Entry:
$26.10 (slightly above last close to confirm momentum)
- Stop Loss:
$25.50 (to limit downside risk)
- Take Profit Targets:
- Target 1:
$27.00 (3.4% gain)
- Target 2:
$27.50 (5.4% gain)
- Target 3:
$30.50 (17.3% gain)
This plan offers a clear risk-reward ratio with a potential ROI exceeding 17% at the third target. Monitor the trade closely for any market changes.
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