Dec. 31 at 3:04 AM
Actionable Trade Alert for
$PLTR:
Market Context:
$PLTR is currently trading at
$180.84, showing a neutral stance with an RSI of 49.11, indicating neither overbought nor oversold conditions. The price is above the 30-day moving average (MA30) of 177.81, suggesting short-term bullish momentum, while it remains below the 50-day moving average (MA50) of 181.29, indicating resistance.
Directional Bias: Given the current price is closer to the 60-day high of 207.52 than the low of 147.56, there is potential for upward movement. The ATR of 7.23 suggests volatility, which can provide opportunities for profit.
Trade Plan:
- Suggested Entry:
$181.00 (break above MA50)
- Stop Loss:
$174.00 (below MA30)
- Take Profit Targets:
1.
$190.00 (5% gain)
2.
$200.00 (10% gain)
3.
$212.00 (17% gain)
This plan provides a structured approach to capitalize on potential upward movement while managing risk effectively.
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