Dec. 10 at 2:51 AM
Actionable Trade Alert for
$ROST:
Market Context:
$ROST is currently trading at
$177.02, showing strong momentum with an RSI of 85.76, indicating overbought conditions. The price is above both the 30-day MA of
$167.17 and the 50-day MA of
$162.09, suggesting bullish sentiment in the short to medium term. However, the high of
$179.42 from the last 60 days indicates potential resistance.
Directional Bias: Given the high RSI and proximity to recent highs, a cautious bullish approach is recommended, anticipating a pullback before further upside.
Trade Plan:
- Suggested Entry:
$177.00
- Stop Loss:
$171.00 (approx. 3.5% risk)
- Take Profit Targets:
1. Target 1:
$180.00 (approx. 1.7% gain)
2. Target 2:
$185.00 (approx. 4.5% gain)
3. Target 3:
$207.00 (approx. 17% gain)
Monitor price action closely, and adjust stop loss to protect profits as targets are hit.
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