Dec. 11 at 11:50 PM
Actionable Trade Alert for
$QRVO:
Market Context:
$QRVO is currently trading at
$88.94, with a strong RSI of 84.93 indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$87.03 and its 50-day moving average (MA50) of
$88.75, suggesting bullish momentum. However, the high of
$106.3 in the last 60 days indicates potential resistance ahead.
Directional Bias: Given the high RSI and proximity to recent highs, caution is warranted. A pullback may occur, but the overall trend remains bullish due to the stock's positioning above key moving averages.
Trade Plan:
- Suggested Entry:
$88.50
- Stop Loss:
$85.00 (3.0% below entry)
- Take Profit Targets:
1.
$92.00 (Target 1: 3.4% ROI)
2.
$96.00 (Target 2: 8.0% ROI)
3.
$104.00 (Target 3: 17% ROI)
Monitor for price action near targets and adjust stop loss to lock in profits.
For more insights, visit https://privateprofiteers.com.
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