Dec. 8 at 11:12 PM
$RBRK: Current market context shows a strong bullish momentum with the last close at
$88.4 and an RSI of 78.95, indicating overbought conditions. The price is significantly above the 30-day MA of 72.54 and the 50-day MA of 75.82, suggesting a strong upward trend. The 60-day high of
$90.26 provides a resistance level to watch.
Actionable Trade Plan:
- Suggested Entry:
$88.5
- Stop Loss:
$84.35 (approximately 4.5% below entry)
- Take Profit Targets:
1.
$91.00 (2.5% gain)
2.
$93.50 (5.5% gain)
3.
$103.50 (17% gain)
Directional bias remains bullish due to the strong RSI and proximity to the 60-day high. Monitor for potential pullbacks, but the overall trend supports upward movement.
Execute with caution and adjust as necessary based on market conditions.
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