Dec. 8 at 11:16 PM
Actionable Trade Alert for
$PSHZF:
Market Context:
$PSHZF is currently trading at
$67.4, showing strong momentum with an RSI of 84.42, indicating overbought conditions. The price is above the 30-day MA of 63.2 and the 50-day MA of 62.75, suggesting bullish sentiment. However, the high of
$68.07 within the last 60 days presents a potential resistance level.
Directional Bias: Given the high RSI and proximity to the 60D high, a cautious bullish stance is warranted. The price may face resistance near
$68.07 but could push higher if momentum continues.
Trade Plan:
- Suggested Entry:
$67.4
- Stop Loss:
$65.0 (2.5% below entry)
- Target 1:
$69.0 (2.4% gain)
- Target 2:
$71.0 (5.4% gain)
- Target 3:
$78.8 (16.9% gain)
This plan provides a risk-reward ratio favorable for a potential ROI of over 17% on the third target. Monitor price action closely as it approaches resistance levels.
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