Dec. 11 at 10:35 PM
$PH Trade Alert: The last close at
$896.45 indicates a strong upward momentum, supported by an RSI of 81.49, suggesting overbought conditions. However, the proximity to the 60D high of
$897.51 indicates potential resistance. The MA30 at
$838.88 and MA50 at
$803.34 provide solid support levels, indicating a bullish trend.
Market Context: The stock is trading near its 60D high, reflecting strong demand. The ATR of 15.97 suggests volatility, which can be leveraged for profit.
Directional Bias: Bullish, but cautious due to overbought RSI.
Trade Plan:
- Suggested Entry:
$895.00
- Stop Loss:
$878.00 (2% below entry)
- Take Profit Targets:
- Target 1:
$910.00 (1.6% ROI)
- Target 2:
$925.00 (3.3% ROI)
- Target 3:
$1050.00 (17.1% ROI)
This plan allows for capturing short-term gains while aiming for a significant long-term profit. Monitor closely for any market shifts.
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