Dec. 11 at 11:39 PM
Actionable Trade Alert for
$REXR:
Market Context:
$REXR is currently trading at
$41.39, showing a bullish sentiment with an RSI of 58.84, indicating upward momentum but not yet overbought. The 30-day moving average (MA30) at
$41.1 is below the current price, supporting a bullish outlook, while the 50-day moving average (MA50) at
$41.48 is slightly above, suggesting potential resistance.
Directional Bias: The price is near the 60-day high of
$44.38, indicating a strong upward trend. The range between the 60-day high and low (39.34) further supports potential upward movement.
Trade Plan:
- Suggested Entry:
$41.50
- Stop Loss:
$39.50 (approximately 4.83% risk)
- Take Profit Targets:
1. Target 1:
$43.00 (3.61% gain)
2. Target 2:
$44.00 (6.63% gain)
3. Target 3:
$48.50 (17.1% gain)
With a well-defined risk-reward ratio, this plan aligns with the current market metrics.
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