Dec. 15 at 6:50 AM
Actionable Trade Alert for
$RRX:
Market Context:
$RRX is currently trading at
$150.16, showing bullish momentum with an RSI of 66.79, indicating potential overbought conditions. The price is above both the 30-day MA (140.16) and the 50-day MA (142.02), reinforcing a positive trend.
Directional Bias: The upward movement is supported by the recent high of
$157.25, suggesting further upside potential. However, the RSI indicates caution as it approaches overbought territory.
Trade Plan:
- Suggested Entry:
$150.50
- Stop Loss:
$145.00 (approximately 3.33% risk)
- Take Profit Targets:
1.
$155.00 (Target 1: 3.3% ROI)
2.
$160.00 (Target 2: 6.5% ROI)
3.
$175.00 (Target 3: 16.5% ROI)
With a strategic entry and defined risk, this plan aims for a minimum of 17% ROI on the third target while maintaining a disciplined approach.
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