Dec. 6 at 3:25 AM
Actionable Trade Alert for
$PRM:
Market Context:
$PRM is currently trading at
$28.05, near its 60-day high of
$28.38, indicating bullish momentum. However, the RSI at 72.94 suggests it may be overbought, warranting caution. The moving averages (MA30 at 25.25 and MA50 at 23.93) show a strong upward trend, supporting a bullish bias.
Directional Bias: Given the proximity to the 60-day high and the high RSI, we anticipate a potential pullback before further upward movement.
Suggested Trade Plan:
- Entry:
$27.50 (below current price to capture a dip)
- Stop Loss:
$26.00 (to limit downside risk)
- Target 1:
$29.00 (approx. 5.45% gain)
- Target 2:
$30.00 (approx. 9.09% gain)
- Target 3:
$32.00 (approx. 17.64% gain)
The plan aims for a minimum of 17% ROI on Target 3, leveraging the bullish trend while managing risk effectively.
https://privateprofiteers.com
