Dec. 11 at 10:41 PM
Actionable Trade Alert for
$PNC:
Market Context:
$PNC is currently trading at
$209.62, near its 60D high of
$210.32. The RSI at 91.06 indicates overbought conditions, suggesting a potential pullback or consolidation. However, the strong upward momentum reflected in the price action and the proximity to recent highs indicates bullish sentiment.
Directional Bias: Given the RSI and the moving averages (MA30 at 189.26 and MA50 at 188.16), the trend remains bullish, but caution is warranted due to the overbought RSI.
Trade Plan:
- Suggested Entry:
$209.00 (slightly below the last close to capture potential dips)
- Stop Loss:
$205.00 (to limit risk)
- Take Profit Targets:
1.
$212.00 (1.14% gain)
2.
$215.00 (2.59% gain)
3.
$245.00 (16.88% gain)
This trade plan allows for a significant upside while managing risk effectively. Monitor price action closely, especially around the high of
$210.32.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
