Dec. 17 at 2:35 AM
Actionable Trade Alert for
$ROL:
Market Context:
$ROL is currently trading at
$59.56, with a 60-day high of
$61.84 and a low of
$53.74. The RSI at 47.04 indicates a neutral momentum, suggesting potential for upward movement. The price is near the 30-day moving average (MA30) of
$59.58, indicating potential support.
Directional Bias: The price is above the 50-day moving average (MA50) of
$58.39, which is bullish. Given the RSI and proximity to MA30, we have a slight bullish bias, especially with the potential to break the recent high.
Trade Plan:
- Suggested Entry:
$59.56
- Stop Loss:
$57.50 (approximately 3.46% below entry)
- Take Profit Targets:
1.
$61.00 (2.44% gain)
2.
$62.50 (4.86% gain)
3.
$69.50 (16.69% gain)
With a focus on the upward trend and the potential to reach the third target, this trade offers a solid risk-reward ratio.
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