Dec. 10 at 4:38 AM
Actionable Trade Alert for
$PII:
Market Context:
$PII closed at
$67.00, showing bullish momentum as it approaches the 60D high of
$75.25. The RSI at 62.14 indicates potential overbought conditions, but still allows room for upward movement. The MA30 (65.32) and MA50 (65.17) are both below the current price, suggesting a strong upward trend.
Directional Bias: The price is above both the MA30 and MA50, indicating bullish sentiment. The distance from the 60D low (54.05) to the current price reinforces the potential for further gains.
Trade Plan:
- Suggested Entry:
$67.50
- Stop Loss:
$64.00 (3.7% below entry)
- Take Profit Targets:
1.
$70.00 (3.7% gain)
2.
$73.00 (8.5% gain)
3.
$78.00 (15.7% gain)
With this plan, the third target offers a potential ROI of 15.7%, closely aligning with our goal of 17% or more. Monitor RSI and market conditions for adjustments.
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