Dec. 8 at 11:03 PM
$RL: The current market context shows a strong bullish sentiment with the last close at
$358.12. The RSI of 67.82 indicates that the stock is nearing overbought territory, suggesting caution but also strong momentum. The 30-day moving average (MA30) at
$338.64 and the 50-day moving average (MA50) at
$332.54 support a bullish trend, as the price is well above these averages. The 60-day high of
$374.00 presents a potential resistance level.
Actionable Trade Plan:
- Suggested Entry:
$360.00 (slightly above the last close for confirmation)
- Stop Loss:
$348.00 (below the MA30 for protection)
- Take Profit Targets:
- Target 1:
$370.00 (3.5% ROI)
- Target 2:
$375.00 (4.2% ROI)
- Target 3:
$420.00 (17% ROI)
With the current momentum and proximity to the 60D high, this trade offers a favorable risk-reward ratio. Monitor RSI closely for signs of reversal. https://privateprofiteers.com
