Dec. 8 at 11:28 PM
Actionable Trade Alert for
$RNA:
Market Context:
$RNA is currently trading at
$71.21, showing bullish momentum as it is near its 60D high of
$71.79. The RSI at 59.54 indicates that the stock is neither overbought nor oversold, suggesting potential for further upward movement. The MA30 at
$70.66 is providing support, while the MA50 at
$61.38 indicates a strong bullish trend.
Directional Bias: The stock is in a bullish phase, supported by its proximity to the 60D high and the positive trend indicated by the moving averages.
Trade Plan:
- Suggested Entry:
$71.25
- Stop Loss:
$69.50 (1.5% below entry)
- Take Profit Targets:
- Target 1:
$73.00 (2.5% ROI)
- Target 2:
$75.00 (5.5% ROI)
- Target 3:
$83.50 (17.3% ROI)
This setup offers a solid risk-reward ratio with significant upside potential. Monitor the stock closely for any changes in momentum.
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