Dec. 10 at 4:45 AM
Actionable Trade Alert for
$RNST:
Market Context:
$RNST closed at
$35.95, showing strong momentum with an RSI of 76.91, indicating overbought conditions. The stock is currently above its 30-day MA of
$34.77 and 50-day MA of
$35.12, suggesting bullish sentiment. However, the high of
$38.90 within the last 60 days presents a potential resistance level.
Directional Bias: The strong RSI indicates potential for a pullback, but the price is trending above key moving averages, supporting a bullish outlook in the short term.
Trade Plan:
- Suggested Entry:
$36.00 (slightly above the last close to confirm momentum)
- Stop Loss:
$34.50 (to limit risk below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$37.00 (2.78% ROI)
2. Target 2:
$38.00 (5.84% ROI)
3. Target 3:
$42.00 (16.5% ROI)
This plan allows for a strong potential ROI while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
