Dec. 10 at 3:24 AM
$RBRK Actionable Trade Alert:
Market Context:
$RBRK is currently in a strong bullish trend, closing at
$91.31 with an RSI of 82.78, indicating overbought conditions. The stock has recently approached its 60D high of
$92.57, suggesting potential resistance at this level.
Directional Bias: The high RSI suggests caution, but the stock's position above the 30-day MA (73.02) and 50-day MA (76.00) indicates strong momentum. Given the recent high-low range (60D High of
$92.57 and Low of
$64.75), there is room for upward movement before a potential correction.
Suggested Trade Plan:
- Entry:
$91.31
- Stop Loss:
$87.00 (approx. 4.5% risk)
- Take Profit Targets:
1.
$94.00 (3% gain)
2.
$96.00 (5% gain)
3.
$107.00 (17% gain)
This plan aims for a minimum 17% ROI on the third target while managing risk effectively. Monitor RSI for signs of reversal.
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