Dec. 17 at 2:16 AM
$PWR: Current market context shows a close at
$439.74, with the RSI at 48.59 indicating a neutral momentum. The price is below the 30-day MA of
$447.99 and slightly above the 50-day MA of
$442.85, suggesting a potential for upward movement. The 60-day high of
$473.99 offers a resistance level, while the low of
$382.24 provides a solid support base.
Directional bias leans bullish due to the proximity to the 50-day MA, which could act as a support level.
Suggested trade plan:
- Entry:
$440.00
- Stop Loss:
$425.00 (3.4% risk)
- Take Profit Targets:
1.
$455.00 (3.4% gain)
2.
$470.00 (6.8% gain)
3.
$515.00 (17% gain)
This trade plan offers a solid risk-reward ratio, aiming for a minimum of 17% ROI on the third target. Monitor the trade closely for any changes in momentum.
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