Dec. 5 at 11:11 PM
Actionable Trade Alert for
$RH:
Market Context:
$RH is currently trading at
$159.94, with a moderate RSI of 51.11, indicating neutral momentum. The stock is below both the 30-day MA (162.46) and the 50-day MA (173.82), suggesting potential resistance levels above.
Directional Bias: The price is currently positioned between the 60-day high (248.44) and low (139.00). The proximity to the 60-day low indicates a potential for upward movement, especially if it breaks through the 30-day MA.
Trade Plan:
- Suggested Entry:
$161.00 (slightly above the 30-day MA)
- Stop Loss:
$154.00 (5% below entry)
- Take Profit Targets:
1.
$170.00 (+5.59%, 1st target)
2.
$180.00 (+11.80%, 2nd target)
3.
$187.00 (+16.18%, 3rd target)
With this plan, achieving a 17% ROI is possible with the third target. Monitor price action closely for any shifts in momentum.
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