Dec. 6 at 3:09 AM
$PI Actionable Trade Alert:
Market Context: The last close at
$156.79 shows a strong position above the 60D low of
$137.00, indicating potential upward momentum. The RSI at 60.74 suggests bullish sentiment, but caution is warranted as it approaches overbought territory.
Directional Bias: The current price is significantly below the MA30 (176.36) and MA50 (182.98), indicating a potential bounce back towards these moving averages. The 60D high of
$247.06 suggests room for growth.
Trade Plan:
- Suggested Entry:
$158.00
- Stop Loss:
$145.00 (8.3% below entry)
- Take Profit Targets:
1.
$175.00 (10.8% ROI)
2.
$190.00 (20.3% ROI)
3.
$185.00 (17.1% ROI)
The targets are set to capitalize on the upward trend while maintaining a reasonable risk-reward ratio. Monitor RSI and price action closely for adjustments.
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