Dec. 6 at 1:50 AM
Actionable Trade Alert for
$RJF:
Market Context:
$RJF closed at
$162.6, showing potential for upward movement given its current position relative to moving averages and the recent high-low range. The RSI at 52.58 indicates a neutral stance, suggesting room for growth without being overbought.
Directional Bias: The price is above the 30-day moving average (MA30) of 158.72 and close to the 50-day moving average (MA50) of 161.7, indicating bullish momentum. The recent 60-day high at 177.66 offers a target for potential gains.
Trade Plan:
- Suggested Entry:
$163.00
- Stop Loss:
$158.00 (approx. 3% risk)
- Take Profit Targets:
1.
$168.00 (3.7% gain)
2.
$173.00 (6.1% gain)
3.
$191.00 (17.5% gain)
This plan allows for a favorable risk-reward ratio while targeting a significant ROI on the third take profit. Monitor market conditions closely for adjustments.
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