Dec. 11 at 11:21 PM
$RBRK: Current market context shows a strong bullish momentum as indicated by the RSI of 76.44, suggesting overbought conditions. The last close at
$86.46 is significantly above the 30-day MA of
$73.96 and the 50-day MA of
$76.23, reinforcing a bullish directional bias. The stock is approaching the 60-day high of
$92.77, which may act as a resistance level.
Actionable Trade Alert:
- Suggested Entry:
$86.50
- Stop Loss:
$82.25 (approximately 4.5% below entry)
- Take Profit Targets:
1.
$90.00 (4.3% gain)
2.
$92.00 (6.5% gain)
3.
$101.00 (16.8% gain)
With a potential ROI of over 17% on the third target, this trade aligns with the current bullish trend while managing risk effectively. Monitor the price action closely as it approaches resistance levels.
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