Dec. 19 at 3:56 PM
$PTC Actionable Trade Alert:
Market Context:
$PTC is currently trading at
$175.9, showing a moderate bullish sentiment with an RSI of 55.21, indicating potential for upward movement. The price is above the 30-day moving average (MA30) of
$175.49, suggesting short-term strength, while it remains below the 50-day moving average (MA50) of
$185.79, indicating resistance.
Directional Bias: Given the RSI and the proximity to the MA30, we anticipate a bullish trend. The recent 60-day high of
$206.82 provides a target for potential gains, while the low of
$169.39 establishes a solid support level.
Trade Plan:
- Suggested Entry:
$176.5
- Stop Loss:
$172.5 (2.3% risk)
- Take Profit Targets:
1.
$185 (5% gain)
2.
$195 (10.9% gain)
3.
$206 (17.2% gain)
With this plan, we aim for at least a 17% ROI on the third target. Monitor closely for any changes in market conditions.
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