Dec. 10 at 3:13 AM
Actionable Trade Alert for
$PPG:
Market Context:
$PPG is currently trading at
$99.43, with a strong RSI of 67.01 indicating potential overbought conditions. However, the price is above the 30-day moving average (MA30) of
$97.99, suggesting bullish momentum. The stock is also near the 60-day high of
$111.58, which may act as a resistance level.
Directional Bias: The bullish sentiment is supported by the price being above the MA30 and close to the recent high, but caution is warranted due to the high RSI.
Trade Plan:
- Suggested Entry:
$99.50
- Stop Loss:
$96.50 (2.93% risk)
- Take Profit Targets:
1. Target 1:
$104.00 (4.95% gain)
2. Target 2:
$108.00 (8.58% gain)
3. Target 3:
$116.00 (16.67% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio.
For further insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
