Dec. 25 at 1:20 PM
Actionable Trade Alert for
$PG:
Market Context:
$PG is currently trading at
$144.49, sitting between its 60D high of
$157.4 and low of
$138.14. The RSI at 48.14 indicates a neutral market sentiment, suggesting potential for upward movement.
Directional Bias: The price is below the 30-day MA of 145.44 and the 50-day MA of 147.04, indicating a bearish short-term trend. However, the current price is closer to the 60D low, which may present a buying opportunity if momentum shifts.
Trade Plan:
- Suggested Entry:
$144.50
- Stop Loss:
$141.50 (2% below entry)
- Take Profit Targets:
1.
$149.00 (3.5% ROI)
2.
$153.00 (5.9% ROI)
3.
$169.00 (17% ROI)
The third target aligns with a potential recovery towards the 60D high. Monitor RSI for signs of upward momentum.
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