Dec. 11 at 10:33 PM
$PFE Actionable Trade Alert:
Market Context: Currently,
$PFE is trading at
$25.96 with an RSI of 68.72, indicating it is approaching overbought territory. The stock is above its 30-day MA of
$25.21 and 50-day MA of
$25.17, suggesting a bullish trend. However, the high of
$27.69 within the last 60 days provides a resistance level to watch.
Directional Bias: The upward momentum is supported by the price being above key moving averages, but the high RSI indicates caution. The range between the 60D high (
$27.69) and low (
$23.58) suggests potential volatility.
Trade Plan:
- Suggested Entry:
$25.96
- Stop Loss:
$25.40 (below recent support)
- Take Profit Targets:
1.
$26.50 (2% gain)
2.
$27.00 (4% gain)
3.
$30.00 (15.8% gain)
With a focus on the potential for a 17% ROI or more on the third target, this plan takes advantage of the current price momentum while managing risk effectively.
https://privateprofiteers.com
