Dec. 10 at 3:37 AM
$RMBS: Current market context shows a strong bullish sentiment with the last close at
$104.71. The RSI at 82.4 indicates overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (99.25) and the 50-day MA (99.36), reinforcing a bullish trend. The 60-day high of
$114.55 provides a clear resistance level.
Actionable Trade Plan:
- Suggested Entry:
$105.00
- Stop Loss:
$99.00 (below the 30-day MA)
- Take Profit Targets:
1.
$110.00 (approx. 4.76% ROI)
2.
$112.00 (approx. 6.78% ROI)
3.
$122.00 (approx. 16.56% ROI)
With the potential to reach the third target, this trade offers a solid risk-reward ratio. Monitor RSI for signs of reversal and adjust positions accordingly.
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