Dec. 12 at 12:04 AM
Actionable Trade Alert for
$ROAD:
Market Context:
$ROAD is currently trading at
$109.8, showing strong momentum with an RSI of 70.13, indicating overbought conditions. The stock is above its 30-day moving average (MA30) of
$107.81, suggesting bullish sentiment, but below its 50-day moving average (MA50) of
$112.81, indicating potential resistance.
Directional Bias: Given the high RSI and proximity to the 60D high of
$138.9, there may be a pullback. However, if it breaks above the MA50, it could continue upward.
Trade Plan:
- Suggested Entry:
$110.5 (above current close to confirm momentum)
- Stop Loss:
$106.5 (below MA30 for risk management)
- Take Profit Targets:
1.
$115.5 (5% gain)
2.
$120.5 (9.5% gain)
3.
$128.5 (17% gain)
This trade offers a potential ROI of over 17% at the third target while managing risk effectively. Monitor price action closely.
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