Dec. 6 at 2:56 AM
Actionable Trade Alert for
$RHP:
Market Context:
$RHP is currently trading at
$91.96, showing a neutral RSI of 44.1, indicating a lack of momentum. The stock is positioned between its 60D high of
$102.24 and low of
$83.82, suggesting potential for movement within this range.
Directional Bias: The stock is above its 30-day moving average (MA30) of
$91.78 and 50-day moving average (MA50) of
$90.92, indicating a slight bullish bias. However, the RSI indicates no overbought conditions, allowing for potential upside.
Trade Plan:
- Suggested Entry:
$92.00
- Stop Loss:
$89.80 (1.3% below entry)
- Take Profit Targets:
- Target 1:
$95.00 (3.3% gain)
- Target 2:
$98.00 (6.5% gain)
- Target 3:
$108.00 (17.4% gain)
This plan provides a clear risk-reward ratio, with the potential for over 17% ROI on the third target. Monitor closely for price action and adjust as necessary.
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