Dec. 25 at 1:21 PM
$PM: Current market context indicates strong bullish momentum as the last close is
$162.64, with an RSI of 83.07 suggesting overbought conditions. The price is above both the 30-day MA of
$154.97 and the 50-day MA of
$153.98, reinforcing a bullish directional bias. The 60D high of
$164.06 is just above the current price, indicating potential resistance.
Actionable Trade Plan:
- Suggested Entry:
$162.50
- Stop Loss:
$158.00 (approx. 2.5% risk)
- Take Profit Targets:
1.
$165.00 (1.5% gain)
2.
$168.00 (3.3% gain)
3.
$190.00 (17% gain)
Given the high RSI, monitor for potential pullbacks. If price approaches the stop loss, reassess market conditions. The bullish trend remains intact as long as the price stays above the 30-day and 50-day MAs.
Stay alert and trade wisely. https://privateprofiteers.com
