Dec. 10 at 4:11 AM
Actionable Trade Alert for
$RLI:
Market Context:
$RLI is currently trading at
$62.85, showing a neutral RSI of 43.3, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60D high of
$66.28 and low of
$57.75, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day MA of
$61.98 but below the 50-day MA of
$62.24, indicating a slight bullish bias. The ATR of 1.17 suggests moderate volatility, providing room for price movement.
Trade Plan:
- Entry:
$63.00 (slightly above current close to confirm upward momentum)
- Stop Loss:
$61.50 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$65.00 (3.17% ROI)
2. Target 2:
$66.00 (4.83% ROI)
3. Target 3:
$73.00 (16.16% ROI)
This plan offers a solid risk-reward ratio with a potential 17%+ ROI on the final target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
