Dec. 25 at 1:50 PM
Actionable Trade Alert for
$RJF:
Market Context:
$RJF closed at
$165.8, showing strong momentum with an RSI of 59.36, suggesting bullish sentiment but not overbought. The price is above both the 30-day MA (160.18) and the 50-day MA (160.75), indicating a positive trend.
Directional Bias: The stock is currently trading near the 60-day high of
$173.0, which provides a resistance level. With the 60-day low at
$150.69, the range indicates potential for upward movement.
Trade Plan:
- Suggested Entry:
$166.5 (slightly above the last close for confirmation)
- Stop Loss:
$162.5 (to limit risk)
- Take Profit Targets:
1.
$170.0 (2.1% gain)
2.
$173.0 (4.0% gain)
3.
$194.5 (17.4% gain)
This plan offers a solid risk-reward ratio, targeting significant upside while maintaining a conservative stop loss.
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