Dec. 6 at 1:19 AM
Actionable Trade Alert for
$PLTR:
Market Context:
$PLTR is currently trading at
$177.92, showing a stable position within a 60-day range of
$147.56 to
$207.52. The RSI of 56.28 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day (178.61) and 50-day (179.18) moving averages, indicating a slight bearish trend. However, the RSI suggests that the stock is not overbought, allowing room for upward correction.
Trade Plan:
- Suggested Entry:
$178.00
- Stop Loss:
$169.00 (approximately 5% below entry)
- Take Profit Targets:
1.
$185.00 (4% gain)
2.
$195.00 (9.5% gain)
3.
$208.00 (16.7% gain)
This trade plan provides a potential ROI of over 17% at the third target while maintaining a manageable risk-reward ratio. Monitor the stock closely for any changes in momentum.
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