Dec. 25 at 1:46 PM
Actionable Trade Alert for
$RDDT:
Market Context:
$RDDT closed at
$225.85, showing a stable price action with an RSI of 52.64, indicating neutral momentum. The stock is currently above its 30-day moving average (MA30) of 215.4 and 50-day moving average (MA50) of 210.06, suggesting bullish sentiment.
Directional Bias: The price is trending positively within a 60-day high of 246.15 and a low of 173.56. The current price is closer to the high, indicating potential for upward movement.
Trade Plan:
- Suggested Entry:
$226.00
- Stop Loss:
$210.00 (approximately 7% below entry)
- Take Profit Targets:
1.
$235.00 (4% ROI)
2.
$240.00 (6% ROI)
3.
$264.00 (17% ROI)
With the current technical indicators and market context, this trade plan offers a solid opportunity for profit while maintaining a manageable risk.
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