Dec. 10 at 3:12 AM
$RF: Current market context shows a strong bullish sentiment with the last close at
$26.44, significantly above the 30-day moving average (MA30) of
$24.98 and 50-day moving average (MA50) of
$24.95. The RSI at 86.22 indicates an overbought condition, suggesting a potential pullback. However, the stock is still within a healthy range, with a 60-day high of
$27.46, indicating upward momentum.
Actionable Trade Plan:
- Suggested Entry:
$26.50
- Stop Loss:
$25.50 (1.9% risk)
- Take Profit Targets:
- TP1:
$27.00 (1.89% gain)
- TP2:
$27.25 (2.83% gain)
- TP3:
$31.00 (17.25% gain)
With the current ATR of 0.52, the stock has the potential for significant movement. The targets are set to capitalize on the bullish trend while managing risk effectively.
Monitor the price action closely for any signs of reversal given the high RSI.
https://privateprofiteers.com
