Dec. 6 at 3:48 AM
Actionable Trade Alert for
$PRK:
Market Context:
$PRK is currently trading at
$158.4, showing a moderate bullish sentiment as indicated by the RSI of 55.62, which suggests potential upward momentum. The stock is above its 30-day MA of
$155.03 and near its 50-day MA of
$156.98, reinforcing a bullish bias.
Directional Bias: The price is positioned between the 60-day high of
$171.57 and low of
$149.55, allowing for a favorable trading range. The ATR of 3.9 indicates reasonable volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$158.5
- Stop Loss:
$154.5 (approximately 2.5% risk)
- Take Profit Targets:
1.
$165 (4.2% ROI)
2.
$170 (7.3% ROI)
3.
$185 (16.8% ROI)
With a potential upside of 16.8% at the third target, this trade offers a solid risk-reward ratio. Monitor price action closely and adjust stop loss accordingly to secure profits.
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