Dec. 19 at 4:01 PM
Actionable Trade Alert for
$PINS:
Market Context:
$PINS is currently trading at
$26.24, positioned between its 60D high of
$35.42 and low of
$24.37, indicating a potential for upward movement. The RSI at 51.09 suggests a neutral stance, but with room for growth. The MA30 at
$26.36 is slightly above the current price, indicating potential resistance, while the MA50 at
$28.86 shows a longer-term upward trend.
Directional Bias: Given the current price is near the MA30 and within the 60D range, there is a bullish bias if it breaks above the MA30. The ATR of 0.83 indicates moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$26.50 (break above MA30)
- Stop Loss:
$25.50 (below recent support)
- Take Profit Targets:
1.
$28.00 (TP1 - 5.66% ROI)
2.
$30.00 (TP2 - 13.26% ROI)
3.
$30.75 (TP3 - 16.50% ROI)
With a clear upward trajectory potential, this trade offers a solid risk-reward ratio.
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