Dec. 19 at 5:10 PM
$PRAX: Current market context shows a strong bullish trend with the last close at
$269.26. The RSI at 73.59 indicates overbought conditions, suggesting a potential pullback. However, the price remains well above the 30-day MA of 210.19 and the 50-day MA of 186.59, indicating strength in the upward movement.
Directional bias leans bullish, but caution is warranted due to the high RSI. Suggested entry is at
$265, just below the current price to capture any potential pullback. Set a stop loss at
$250 to manage risk.
Take Profit Targets:
1. TP1:
$275 (3.73% gain)
2. TP2:
$285 (5.85% gain)
3. TP3:
$315 (17% gain)
Target 3 offers a significant ROI of over 17%. Monitor the price action closely, especially around the 60-day high of
$282.99.
Trade Plan: Enter at
$265, stop at
$250, with targets at
$275,
$285, and
$315.
Stay informed and trade wisely. https://privateprofiteers.com
