Dec. 6 at 2:15 AM
Actionable Trade Alert for
$RBC:
Market Context:
$RBC is currently trading at
$443.22, showing strong momentum with an RSI of 61.49, indicating bullish sentiment but nearing overbought territory. The price is above the 30-day moving average (MA30) of
$429.65 and the 50-day moving average (MA50) of
$410.07, suggesting a positive trend.
Directional Bias: The recent high of
$449.6 indicates potential resistance, while the low of
$364.5 provides a solid support level. With the current price near the 60D high, we anticipate a breakout opportunity.
Trade Plan:
- Suggested Entry:
$444.00
- Stop Loss:
$430.00 (3.2% risk)
- Take Profit Targets:
1.
$450.00 (Target 1: 1.35% ROI)
2.
$460.00 (Target 2: 3.61% ROI)
3.
$520.00 (Target 3: 17.34% ROI)
This trade plan aims for a minimum of 17% ROI on the third target, capitalizing on the bullish trend while managing risk effectively.
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