Dec. 12 at 12:25 AM
Actionable Trade Alert for
$POWL:
Market Context:
$POWL is currently trading at
$362.01 with a high RSI of 83.99, indicating it is in overbought territory. The recent price action shows a strong bullish trend, but caution is warranted due to the high RSI. The 60D high is
$413.00, suggesting potential resistance ahead.
Directional Bias: The bullish trend is supported by the MA30 at
$341.08 and MA50 at
$338.61, both below the current price, indicating upward momentum. However, the overbought RSI suggests a possible pullback before further gains.
Trade Plan:
- Suggested Entry:
$362.01
- Stop Loss:
$344.00 (below MA30)
- Take Profit Targets:
1. Target 1:
$375.00 (3.6% ROI)
2. Target 2:
$390.00 (7.8% ROI)
3. Target 3:
$425.00 (17.4% ROI)
Monitor the price action closely, especially if it approaches the high of
$413. Adjust stop-loss to protect profits as targets are hit.
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