Dec. 15 at 7:06 AM
Actionable Trade Alert for
$PJT:
Market Context:
$PJT is currently trading at
$169.83, showing a stable position within the recent 60-day range of
$157.83 to
$189.65. The RSI at 53.3 indicates a neutral sentiment, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day moving average (MA30) of
$167.73, indicating bullish momentum. However, it is below the 50-day moving average (MA50) of
$171.1, suggesting resistance ahead. The ATR of 4.59 indicates moderate volatility, allowing for potential price movement.
Trade Plan:
- Suggested Entry:
$170.00
- Stop Loss:
$165.00 (3% below entry)
- Take Profit Targets:
1.
$175.00 (2.94% gain)
2.
$180.00 (5.88% gain)
3.
$199.00 (16.86% gain)
This plan provides a clear path to at least a 17% ROI on the third target while managing risk effectively.
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