Dec. 17 at 3:52 AM
$PI Actionable Trade Alert:
Current market context shows
$PI closing at
$161.01, with an RSI of 46.64 indicating a neutral stance, suggesting potential for upward movement. The MA30 at
$158.1 is below the current price, providing support, while the MA50 at
$178.66 indicates resistance. The 60D high of
$247.06 and low of
$137.0 highlight a significant range, allowing for potential gains.
Directional bias leans bullish as the price is above MA30, and a bounce from this level could occur.
Suggested trade plan:
- Entry:
$162.00
- Stop Loss:
$154.00 (approx. 5% below entry)
- Take Profit Targets:
1.
$175.00 (8% gain)
2.
$185.00 (14% gain)
3.
$189.00 (17% gain)
This trade plan aims for a minimum of 17% ROI on the third target, capitalizing on the potential upward momentum while managing risk effectively.
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